Scott Bessent out here playing firefighter in the Treasury market 🧯
Bond yields spiking, liquidity tightening, and now Trump's Treasury pick is trying to talk the market off the ledge. Classic.
Watch how this plays out for risk assets. If Treasuries stay volatile, expect crypto to catch some of that chaos. Flight to alternative stores of value incoming? 👀
Keep an eye on $BTC correlation to TLT over the next few sessions.
Bond yields spiking, liquidity tightening, and now Trump's Treasury pick is trying to talk the market off the ledge. Classic.
Watch how this plays out for risk assets. If Treasuries stay volatile, expect crypto to catch some of that chaos. Flight to alternative stores of value incoming? 👀
Keep an eye on $BTC correlation to TLT over the next few sessions.