Dollar Hits Three-Month Low on Treasury Buyback Concerns
The US dollar fell to a three-month low as an activist Treasury buyback strategy stirred questions about debt costs, Fed independence and inflation.
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The US dollar fell to a three-month low as an activist Treasury buyback strategy stirred questions about debt costs, Fed independence and inflation.
Bitcoin reached an 11-week high above $74,000 as Treasury debt buyback plans revived demand, but rising yields leave the rebound facing a key test.
The US Treasury’s expanded debt buybacks eased pressure on long-term bonds and lifted stocks, putting yields, inflation and Fed policy in focus.
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