Treasury's $38 Billion Bond Buyback Plan Sparks Market Volatility Fears

The U.S. Treasury Department's plan to increase its long-term bond buyback operations is set to take effect on September 9th.

The program will raise its per-operation cap from $2 billion to $4 billion, targeting securities with maturities of 10 to 30 years.

The total value of bonds the Treasury plans to repurchase in September is approximately $38.25 billion.

This move has sparked market attention, with traders believing that the funds injected through the Treasury's repurchase could serve as a catalyst for cryptocurrency prices to break out of their trading ranges.