Bitcoin News
By Sakamoto Nashi
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Why Yields Got This Bad. The backdrop here is ugly. The 30-year Treasury yield recently hit 5.33%, its highest since 2007.
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Stocks and Bitcoin Both Catch a Bid. Equity markets liked it. The Dow Jones gained 145.50 points, landing at 53,488.90.
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What Happens in November. November 4 is the next real decision point. The Treasury will reassess buyback capacity then, and…
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The U.S. Treasury just doubled its buyback limit for older long-term bonds — up to $4 billion per operation. Yields dropped. Stocks jumped. Bitcoin held its ground.
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The expanded program targets liquidity support in the 10- to 30-year Treasury sectors, and it kicks off September 9.
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Worth noting: these buybacks aren't new. They came back in May 2024 after a pause, initially focused on short-term securities to help manage government cash flow.
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Market participants have started calling the expanded buybacks "mini QE." That label sticks because the operations reduce the supply of long-duration debt that private investors…
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The reaction was fast. The 10-year yield dropped to around 4.647%. The 30-year fell to roughly 5.196%.
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Equity markets liked it. The Dow Jones gained 145.50 points, landing at 53,488.90. The S&P 500 added 28.12 points to reach 7,719.88. The Nasdaq dipped slightly to 26,251.
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See also: Bitcoin Surges to $69,749 as $1.48 Billion in Shorts Liquidated in One Hour
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Bitcoin was trading in the $65,000 range after a recent dip. The rebound came partly from short covering in derivatives markets, and partly from continued inflows into U.S.
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The broader crypto market has been watching Treasury dynamics closely for months. When long-duration yields spike, risk appetite tends to compress across the board.
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November 4 is the next real decision point. The Treasury will reassess buyback capacity then, and investors will be watching three things: the quality of bond offers coming into…
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It's not just a U.S. story either. France's 30-year bond yield surged near 4.85%, moving in line with increases in Germany and Japan.
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Related: Peter Schiff Warns Bitcoin Stalemate at $65,000 Could Signal Serious Downturn
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