EconomyTreasury’s $6 billion bond buyback sets stealth test for Bitcoin’s next move
The US Treasury has raised the ceiling for its Sept. 10 buyback of older 10- to 20-year bonds to $6 billion, triple the prior limit. The operation could ease dealers’ inventory burden, but the amount alone does not create net liquidity or amount to Federal Reserve quantitative easing. Whether any benefit reaches Bitcoin depends on sustained improvement in bond trading and funding conditions, which remains unproven.
Treasury’s $6 billion bond buyback sets stealth test for Bitcoin’s next move
Economy