Treasury Secretary Scott Bessent just signaled they might ramp up long-dated debt buybacks past $4B per issue.
Translation: Fed's trying to calm the bond market chaos. Yields have been ripping higher and it's spooking everyone.
Why this matters for crypto:
- Higher yields = stronger dollar pressure
- Liquidity injections could eventually flow into risk assets
- If they lose control of the yield curve, expect macro volatility to spike
Watch $BTC correlation to 10Y yields closely. If bonds stabilize, we might see relief rallies. If not, brace for chop.
Translation: Fed's trying to calm the bond market chaos. Yields have been ripping higher and it's spooking everyone.
Why this matters for crypto:
- Higher yields = stronger dollar pressure
- Liquidity injections could eventually flow into risk assets
- If they lose control of the yield curve, expect macro volatility to spike
Watch $BTC correlation to 10Y yields closely. If bonds stabilize, we might see relief rallies. If not, brace for chop.