U.S. Treasury Sets $6B Long-Bond Buyback as Yields Test Multi-Year Highs
- —Treasury to buy back up to $6B of 20- to 30-year bonds on Sept. 24, settling Sept. 25
- —30-year Treasury yield reached 5.38%, near its highest since 2007
- —10-year Treasury yield climbed above 5.12%
- —Bitcoin dropped below $84,000 after trading above $87,000
Why it matters: Rising long-term Treasury yields tighten financial conditions and pressure risk assets including bitcoin; the path of rates will shape crypto demand.
Source: Blockonomi