Rising Treasury Yields Pressure the Fed: What Yield Control Means for Bitcoin
- US 10-year Treasury yields climbed to 4.74% as long-term borrowing pressures increased.
- Treasury doubled long-bond buybacks, but the program is neither QE nor yield control.
- Lower real yields and stronger dollar liquidity could support Bitcoin and gold prices.
US Treasury yields rose again on Friday, increasing pressure on federal finances and global markets. The move has revived discussion about whether the Federal Reserve may eventually consider yield-curve control.
Official Treasury data placed the 10-year yield at 4.74% on August 21. The 2-year reached 4.24%, while the 30-year climbed to 5.27%.
Bitcoin moved above $78,000 during the week as gold strengthened and the dollar weakened. However, that reaction does not confirm that the Fed is preparing to control bond yields.
Treasury Buybacks Provide Limited Support
The Treasury announced larger buybac…
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