The ‘debasement trade’ and why crypto and gold are surging

MDJASHIM - stock.adobe.com On August 19, Treasury Secretary Scott Bessent announced the department will double the size of its buyback operations for longer-dated securities from $2 billion per batch to $4 billion. The stated goal of this operation is to bring the yields down for bonds between 10- and 30-year durations

Concern over the size and the cost of U.S. government spending has given new life to the debasement trade.