US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields
The US Treasury bought back $6 billion of long-term bonds as 10-year yields hit a 24-year high and Bitcoin cooled. The post US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields appeared first on BeInCrypto.
Key Takeaways
- The US Treasury bought back $6 billion of long-term bonds as 10-year yields hit a 24-year high and Bitcoin cooled.
- The post US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields appeared first on BeInCrypto.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
It's the Start of Uptober. Will Bitcoin Live Up to It?
Bitcoin enters its historically strongest month after a record-pace September, but a Fed hike and 5.3% Treasury yields are testing the bulls.
Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade
Co-author Jérôme de Tychey said industry participants and core contributors convinced him a scoping process was the wrong venue for an issuance change.
Bitcoin fights for local uptrend as US bond yields drop from new 24-year highs
US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.