The U.S. Treasury is conducting a $4 billion debt buyback today, targeting 7- to 10-year maturity securities. The operation is scheduled from 1:40 p.m. to 2:00 p.m. ET, with settlement tomorrow. Treasury has expanded its buyback program to support liquidity in less-traded bonds. Some crypto market participants expect the move to lower yields and support Bitcoin, but the operation is not quantitative easing and does not directly create new liquidity. Treasury says the larger buybacks are intended to provide liquidity support in longer-dated securities.
House Financial Services Committee Chair French Hill says rules from the SEC and CFTC "fall…
SpaceX (SPCX) is looking to borrow $40 billion to pay for Nvidia (NVDA) AI chips,…
Hunter Biden's recently launched meme coin has rallied 21.11% in the day following a comprehensive…
Wall Street dropped Wednesday as a bond selloff sent Treasury yields to levels last seen…
The Nasdaq Composite fell 100.07 points, or 0.36%, to 27,499.82 at 1:19 PM ET on…
The next big crypto rally could hinge on China, according to Joseph Chee, CEO of…
