Bitcoin jumps as Treasury doubles bond buybacks in Twist 2.0
Treasury says it isn't YCC or money printing, but doubling bond buybacks with 30-year yields at 2007 highs reads as a pre-commitment to defend the curve. That's the bitcoin bid.
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Treasury says it isn't YCC or money printing, but doubling bond buybacks with 30-year yields at 2007 highs reads as a pre-commitment to defend the curve. That's the bitcoin bid.