US Treasury to Buy Back $4B-$6B of Long-Term Bonds Thursday

The raise of the buyback ceiling from a floor of $4 billion to a range topping out at $6 billion is the detail that carries weight, since it signals the Treasury is willing to absorb more long-end supply than it had committed to. That matters for anyone holding duration, and for the broader rate backdrop that crypto and RWA markets trade against. Whether the larger size becomes a recurring pattern or a one-off is the open question.