🚨MAJOR: The U.S. Treasury is set for another liquidity buyback on October 1. This follows the September 10 operation, when Treasury offered to buy up to $6 BILLION of 10- to 20-year bonds, triple the size of its previous long-dated buyback. The goal is to improve liquidity in older, harder-to-trade Treasuries after a sharp bond selloff pushed long-term yields to multi-year highs. Stronger Treasury demand can support bond prices and potentially ease yields, which would be a POSITIVE backdrop for stocks and crypto. This is supportive for market liquidity, but it is not the same as Fed QE.