Macro· ★★★★· bearish·

US Treasury Buys Back $6 Billion of Bonds as Bitcoin Fights 24-Year-High Yields

  • —Investors offered $46.4 billion of bonds; Treasury accepted only $6 billion
  • —Just two of 41 eligible bonds were retired, maturing in 2041 and 2042
  • —Retiring $6 billion in face value cost roughly $4.47 billion in cash
  • —The 10-year Treasury yield reached 5.342%, the highest since 2002
Why it matters: Rising Treasury yields raise borrowing costs and weigh on Bitcoin, which needs fresh liquidity to break above $85,000.
#BTC
Source: BeInCrypto
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