U.S. Treasury expands buyback program while BTC jumps, lifting major equity indexes amid steady yields.
The U.S. Treasury announced plans to double its buyback program, aiming to improve liquidity in the bond market. The move coincides with a surge in Bitcoin, which saw sharp intraday swings, trading above USD 63,000 during the session.
Major U.S. stock indexes traded higher, supported by steady Treasury yields and optimism around the buyback announcement. Earlier this week, yields had dipped following softer-than-expected inflation data, easing pressure on equities.
Bitcoin’s volatility persisted, reflecting mixed sentiment amid macroeconomic uncertainty. The cryptocurrency’s rally contributed to broader risk-on sentiment, though analysts caution against overinterpreting short-term moves.