Name: Sharlene Sutter St. Gallen - Switzerland (Zone 6a)
Mike, not professing to be one of those 'experts' but that is really quick for a bare root to start setting buds. Personally, I would remove the buds because the plant should be putting it's energy into establishing roots at this stage. Just my 2cents.
Co-founder of www.dasirisfeld.ch in Oetlishausen, Switzerland