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The US Treasury conducted a debt buyback operation on Treasury Inflation-Protected Securities (TIPS) worth $785 million on Thursday, which was settled on November 21. This is the second buyback by the Treasury in the past week.  Earlier, on Wednesday, the Treasury repurchased $3.4 billion in debt, just ahead of the release of September’s labor market report. The two purchases come on the heels of a fall in US Treasury yields on the 10-year note to 4.06% on Friday, its lowest level since late October.  Some economists believe the drop in yields was caused by the delayed labor report for September, which showed higher-than-expected job creation for the month, while August’s numbers were revised downward. The report also revealed that the unemployment rate rose to 4.4%, the highest in almost four years. US Treasury reacts to labor report and treasury yields change US Treasury yields have been on a free fall over the past 48 hours, which has had little to no effect to both crypto and stock markets, although market watchers are expecting a reverse to take place before the next business week starts. Treasury yields had already declined earlier in the week, following a selloff in US equities and crypto market mass liquidations beginning Thursday. The US stock market index S&P 500 dropped by 1.5% during the day’s close, while Bitcoin cut its value from $90,000 down to $85,000 before nightfall. Some economists suggest that lower Treasury yields may encourage investors to move positions from traditional bonds to higher-risk assets, including cryptocurrencies. Proponents of the crypto market have pinned hopes on this trend to stabilize the volatile profit loss in digital assets that ensued this week. Bitcoin slipped below the $95,000 level last week, briefly finding support near $96,000 over the past weekend. Bears regained control last Sunday, pushing…

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Filed under: News - @ November 22, 2025 8:23 am