❗️🇺🇸 U.S. Treasury (MinFin) #сша continues to buy back long-term government bonds.
On October 1, the Treasury will conduct a buyback of Treasuries with a maturity of 10–20 years for up to $6b (raised the limit). Yesterday, the yield on 30-year government bonds reached 5.62%—the highest level since 2002.
#Risk as a signal:
➠ Additional demand from the Treasury supports Treasuries prices and may put pressure on yields.
➠ Lower yields ease financial conditions and reduce competition for capital from risk-free assets—which is positive for stocks, #BTC and other risky assets.
➠ The buyback increases market liquidity—the Treasury takes less liquid issues off participants’ balance sheets.
$BTC
On October 1, the Treasury will conduct a buyback of Treasuries with a maturity of 10–20 years for up to $6b (raised the limit). Yesterday, the yield on 30-year government bonds reached 5.62%—the highest level since 2002.
#Risk as a signal:
➠ Additional demand from the Treasury supports Treasuries prices and may put pressure on yields.
➠ Lower yields ease financial conditions and reduce competition for capital from risk-free assets—which is positive for stocks, #BTC and other risky assets.
➠ The buyback increases market liquidity—the Treasury takes less liquid issues off participants’ balance sheets.
$BTC
