Hayes on Treasury Buybacks
In “Same Same But Different,” Arthur Hayes compares Scott Bessent’s policy with Janet Yellen’s in late 2023, when short-term Treasuries released about $2.4 trillion in liquidity, supporting Nasdaq and Bitcoin.
The US Treasury seeks to cap long-term Treasury yields through buybacks. After about $20 billion in extra purchases were announced on 19 August, the 10-year yield fell , nd Bitcoin rose.
Hayes says this may not be enough.#BitcoinFaces$6.4BOptionsExpiry
In “Same Same But Different,” Arthur Hayes compares Scott Bessent’s policy with Janet Yellen’s in late 2023, when short-term Treasuries released about $2.4 trillion in liquidity, supporting Nasdaq and Bitcoin.
The US Treasury seeks to cap long-term Treasury yields through buybacks. After about $20 billion in extra purchases were announced on 19 August, the 10-year yield fell , nd Bitcoin rose.
Hayes says this may not be enough.#BitcoinFaces$6.4BOptionsExpiry