The Treasury boosted its September 10 buyback operation to $6 billion, the same lever that broke Bitcoin out of its range in August, and this time bond investors were unmoved. Yields stayed elevated, with reporting describing the market as rebuffing the plan to reduce borrowing costs. That matters for crypto because the August rally was built almost entirely on this mechanism working. Bitcoin sits near $78,200 with 71% of supply in profit.
September 10, 2026
Bessent Buys $6 Billion of Bonds and the Market Shrugs
Original reporting: Reuters ↗