💥✨ US boosts Treasury buybacks to $4B, but Bitcoin rallies instead of yields falling
US Treasury Secretary Scott Bessent doubled the maximum size of buybacks for 10-, 20- and 30-year Treasury bonds to at least $4 billion per operation, up from $2 billion previously. The goal was to support liquidity and ease pressure on longer-term borrowing costs.
However, Treasury yields have remained elevated. The 30-year yield is still around 5.25%, close to its highest level since 2007. Meanwhile, Bitcoin surged toward $80,000, while gold also rallied.
#Bitcoin #UStreasury #bondmarket
US Treasury Secretary Scott Bessent doubled the maximum size of buybacks for 10-, 20- and 30-year Treasury bonds to at least $4 billion per operation, up from $2 billion previously. The goal was to support liquidity and ease pressure on longer-term borrowing costs.
However, Treasury yields have remained elevated. The 30-year yield is still around 5.25%, close to its highest level since 2007. Meanwhile, Bitcoin surged toward $80,000, while gold also rallied.
#Bitcoin #UStreasury #bondmarket