Why is Bitcoin rising after the US Treasury doubled bond buybacks? What it means for BTC, crypto and inflation

Bitcoin rises after the US Treasury doubles bond buybacks. Lower yields, a weaker dollar and liquidity hopes boost BTC, crypto and gold amid inflation fears.

Bond market takes a breather after surprise move by Treasury Department | CNN Business  cnn.com

Longer-term U.S. Treasury yields dropped sharply Wednesday after the Treasury Department announced that it would increase the size of its government debt repurchases by “at least double” in a surprise move.The yield on the 30-year Treasury bond plunged from 5.26% to as low as 5.18%. The 10-year yield, which has a heavy

The 30-year Treasury yield fell nearly 9 basis points after hitting a 19-year high the prior session

The Treasury Department said Wednesday that it will more than double the size of government-debt buybacks, sending yields sharply lower and stocks higher at the market open.

Inflation accelerated to 2.9 per cent in July following the increase to the energy price cap, according to figures from the Office for National Statistics.