Treasury Doubles Long-End Buybacks as Bitcoin and US Stocks Advance

The U.S. Treasury has doubled the maximum size of its buybacks for older long-term bonds to $4 billion per operation. This increase applies to liquidity-support buybacks for 10- to 20-year and 20- to 30-year bonds. The move helped lower yields and supported gold, bitcoin, and U.S. stocks. Additionally, the higher buyback cap is expected to ease liquidity concerns, reduce borrowing costs, and influence global investment dynamics, triggering a rally in long-dated Treasuries.