US Treasury Doubles Bond Buybacks. Dollar Falls, Gold and Bitcoin Surge
The US Treasury will at least double long-dated bond buybacks to $4 billion per operation from September 9. Yields fell on the news, then rebounded Thursday. The dollar weakened. Gold reached about $4,530, Bitcoin rose near 11 percent, Nifty opened near 24,250.
Nictick #2026-0038261 characters
Nictick — educational context
Buybacks add demand for long-dated bonds, which pulls yields down. Lower yields reduce the cost of holding assets that pay no coupon, like gold and Bitcoin. A softer dollar usually eases pressure on emerging market currencies and flows. Study the reaction at levels, not the headline.