The US Treasury will continue to improve and expand its bond buyback program, Deputy Secretary Broek said. Previously, the buyback limit was raised to $6 billion.

Additional Treasury Demand Reduces Yields

Supporting Treasury prices can help lower yields. Lower yields ease financial conditions and reduce competition from risk-free assets for capital, which is positive for equities, BTC, and other risk assets.

Buybacks Improve Liquidity by Removing Less Liquid Issues

By taking less liquid government bond issues off participants' balance sheets, the Treasury increases overall market liquidity.