Treasury buyback plan fails to calm bond market

Despite Treasury Secretary Scott Bessent's announcement of expanded bond buybacks, the bond market remained volatile, with yields rebounding and stocks sliding.

Investors questioned the effectiveness of the intervention, comparing it to a 'band-aid' that fails to address underlying fiscal concerns.

The move also triggered a surge in Bitcoin and gold as the dollar weakened.

Bessent's credibility is on the line as the national debt surpasses $40 trillion.