Bitcoin (CRYPTO: $BTC) is up 6% and trading at $68,400 U.S. on Aug. 19 after Treasury Secretary Scott Bessent announced plans to intervene in the bond market.
Bessent said that the U.S. Treasury Department will more than double its debt repurchases, sending yields on government bonds sharply lower.
The yields on both the 10-year and 30-year Treasury bonds declined on news of the government repurchases, giving a boost to risk ******* ets such as stocks and crypto.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#treasury #repurchases #yields #government
Bessent said that the U.S. Treasury Department will more than double its debt repurchases, sending yields on government bonds sharply lower.
The yields on both the 10-year and 30-year Treasury bonds declined on news of the government repurchases, giving a boost to risk ******* ets such as stocks and crypto.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#treasury #repurchases #yields #government
2 months ago
