US debt just crossed 40 trillion dollars — and the bond market shrugged off the fix.
The 30-year Treasury yield touched 5.34% this week, a 19-year high (CNBC). Treasury then doubled its long-end buybacks, from 2 billion to 4 billion per operation, effective Sept 9 (Yahoo Finance). Within a day, yields had erased the entire decline (CNBC).
Here is the transmission: when the issuer steps in to hold down its own long end and the market fades it inside 24 hours, that reads as a debasement signal, not a rates story. Crypto repriced immediately — BTC +11.9% on Aug 20 (Fortune), ETH +18% (CoinDesk), roughly 1.4 billion of shorts liquidated in about an hour.
That is the hard-asset bid, and it is live right now. $BTC $XAUT
If 40 trillion didn't move the long end, what number would?
#Write2Earn #Bitcoin #CryptoNews #BondMarket
Not financial advice. DYOR.
The 30-year Treasury yield touched 5.34% this week, a 19-year high (CNBC). Treasury then doubled its long-end buybacks, from 2 billion to 4 billion per operation, effective Sept 9 (Yahoo Finance). Within a day, yields had erased the entire decline (CNBC).
Here is the transmission: when the issuer steps in to hold down its own long end and the market fades it inside 24 hours, that reads as a debasement signal, not a rates story. Crypto repriced immediately — BTC +11.9% on Aug 20 (Fortune), ETH +18% (CoinDesk), roughly 1.4 billion of shorts liquidated in about an hour.
That is the hard-asset bid, and it is live right now. $BTC $XAUT
If 40 trillion didn't move the long end, what number would?
#Write2Earn #Bitcoin #CryptoNews #BondMarket
Not financial advice. DYOR.