The US Treasury Department has revealed plans to buy back up to $6 billion in longer-term bonds, significantly tripling the usual buyback amount. This operation, aimed at stabilizing the bond market and calming rising yields, comes amid forecasts from Wall Street that anticipated a larger buyback of up to $10 billion. Treasury Secretary Scott Bessent has emphasized the importance of these buybacks to mitigate market volatility, asserting that the initiative is not a form of quantitative easing but rather a strategic move to address current pressures. As bond yields continue to rise, the market braces for increased fluctuations across the yield curve, further complicating the economic landscape.