Economic Issues9 min read
Bessent's Buyback Awakens Bitcoin
After the announcement of expanded long-term Treasury buybacks, the U.S. 30-year yield fell to 5.18% before rebounding to 5.23% the next day. This article breaks down the channels behind the contemporaneous rise in gold and Bitcoin into debt management, the dollar, short covering, and a separate policy catalyst.
- U.S. long-term Treasuries
- 30-year Treasury yield
- Treasury buybacks
- U.S. Treasury
- gold prices
- Bitcoin
- U.S. dollar
- corporate bond issuance
- fiscal deficit