Finance

The U.S. Department of the Treasury announced plans to double its long-term bond buybacks, raising the operational size from $2 billion to $4 billion per intervention. This policy shift managed to pull 30-year yields lower, attempting to soothe a market pressured by high borrowing costs and recent hawkish notes from Federal Reserve officials. However, some fixed-income analysts have expressed skepticism, characterizing the expanded buyback strategy as a temporary bandage rather than a structural fix.

Bitcoin rallied significantly to trade over $77,000, briefly touching the $79,000 threshold for the first time since May. The digital currency's upward momentum was catalyzed by renewed institutional inflows, short-position liquidations totaling hundreds of millions of dollars, and political support from President Trump. The rally triggered a parallel surge in crypto-linked equity shares, including significant gains for firms like Strategy and Coinbase.

Gold futures jumped nearly 2% to reach $4,655 per ounce, marking the precious metal's highest valuation since May as investors sought a hedge against a weakening greenback and rising national debt. Simultaneously, West Texas Intermediate crude futures hovered near $86.50 a barrel following intense geopolitical rhetoric regarding the ongoing closure of the Strait of Hormuz. The broader commodities movement reflects growing investor concern over long-term inflation and global supply stability.