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The bond market is signaling trouble ahead. This is why you should pay attention

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Bitcoin Rewarded 1 of 2 US Interventions. Bessent Just Promised More

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Scott Bessent's bond market intervention revives the debasement trade

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Gold And Bitcoin Are Rallying As Debasement Chatter Picks Up

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Live Updates Bitcoin Etfs Draw Usd517 Million Ether Pulls Usd189 Million In Biggest Inflows In Months

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Bitcoin and gold surge as Bessents bond market move weakens dollar

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Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessents Treasury Buyback

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Treasurys Bessent Says Upsized Bond Buybacks Could Increase Further 2026 08 20

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Scott Bessent's bond market intervention revived the debasement trade

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Bessent Says He Knows Something The Bond Market Doesnt

U.S. Department of the Treasury

Treasury Announces Increased Sizes of Nominal Long-End Liquidity Support Buybacks Beginning September 9

Donald Trump

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Grant Cardone

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Felix Salmon

Doug Melville

"It's very unlikely that there would be more demand for the gold card than there is right now for the EB-5, to say nothing of enough for Trump's $50 trillion goal."

"The Gold Card initiative represents a bold and innovative approach to addressing the U.S. national debt."

"200,000 of these gold, green cards is $1 trillion to pay down our debt and that's why the President is doing it."

"1 million passes would raise $5 trillion chipping away at our debt."

"If we sell 10 million, which is possible ... that's $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that."

Will Trump's $5M Gold Card Pay Off the US Debt?

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Scott Bessent

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Edward Yardeni

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Eladio Santiago

"The United States of America is never going to default."

"The U.S. government won't default on its debt. The fear that it might do so is not justified."

"On the positive side, the U.S. is nowhere near the brink of default."

"NO, the US will not default on its debt!"

"If Congress does not act, the US could default on its debt obligations by mid-2025, a scenario that, year by year, looks more realistic."

"The US will default on its debt."

"The U.S. is on track to default on its debt within four years."

"I say to the Republicans out there – congressmen, senators – if they don't give you massive cuts, you're going to have to do a default."

Will the US Default on Its Debt?

The U.S. Treasury on Wednesday doubled its purchases of longer-dated government bonds to at least $4 billion per operation beginning Sept. 9, a move aimed at steadying a market where the 30-year yield had risen above 5.3% — its highest level since 2007.

The U.S. Treasury on Wednesday doubled its purchases of longer-dated government bonds to at least $4 billion per operation beginning Sept. 9, a move aimed at steadying a market where the 30-year yield had risen above 5.3% — its highest level since 2007.

Treasury Secretary Scott Bessent told CNBC on Thursday that buybacks could exceed $4 billion per issue, adding that "yields do not reflect underlying fundamentals" and that the Treasury has a "big toolkit" to address conditions in the bond market.

CNBC

Treasury Secretary Scott Bessent told CNBC on Thursday that buybacks could exceed $4 billion per issue, adding that "yields do not reflect underlying fundamentals" and that the Treasury has a "big toolkit" to address conditions in the bond market.

Bitcoin gained roughly 22% over five days to hover near $77,600, marking its best weekly performance since early 2024, while gold and silver each rose about 5% over the same period as the U.S. dollar index weakened.

Bitcoin gained roughly 22% over five days to hover near $77,600, marking its best weekly performance since early 2024, while gold and silver each rose about 5% over the same period as the U.S. dollar index weakened.

The DXY dollar index fell to 98.6630, bringing its monthly decline to 2.43%, as investors moved toward gold and Bitcoin following the Treasury's bond buyback announcement, a shift some market participants described as a "debasement trade."

The DXY dollar index fell to 98.6630, bringing its monthly decline to 2.43%, as investors moved toward gold and Bitcoin following the Treasury's bond buyback announcement, a shift some market participants described as a "debasement trade."

The Congressional Budget Office's latest projections forecast $2.1 trillion in annual deficits — a $200 billion increase from its first-quarter estimate — while total U.S. public debt crossed $40 trillion on Wednesday.

The Congressional Budget Office's latest projections forecast $2.1 trillion in annual deficits — a $200 billion increase from its first-quarter estimate — while total U.S. public debt crossed $40 trillion on Wednesday.

Long-dated Treasury yields partially reversed their initial decline after the buyback announcement, with the 30-year yield returning to around 5.24% — approximately 10 basis points below its peak — while the 10-year yield climbed back toward 4.7%.

Long-dated Treasury yields partially reversed their initial decline after the buyback announcement, with the 30-year yield returning to around 5.24% — approximately 10 basis points below its peak — while the 10-year yield climbed back toward 4.7%.

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Soaring bond yields are a five-alarm warning about America's fiscal recklessness — the 30-year hit levels not seen since 2007, and the U.S. is now burning $3 billion a day just on interest payments. Piling on tax cuts while debt blows past $40 trillion is exactly how you spook the bond market into demanding higher premiums. Rising mortgage rates and borrowing costs are the real price ordinary Americans pay for Washington's addiction to spending.

Soaring bond yields are a five-alarm warning about America's fiscal recklessness — the 30-year hit levels not seen since 2007, and the U.S. is now burning $3 billion a day just on interest payments. Piling on tax cuts while debt blows past $40 trillion is exactly how you spook the bond market into demanding higher premiums. Rising mortgage rates and borrowing costs are the real price ordinary Americans pay for Washington's addiction to spending.

The bond selloff is a liquidity distortion, not a verdict on U.S. fiscal health. Thin August trading and a wave of corporate issuance skewed the long end, and Treasury's buyback expansion correctly targeted that mispricing. Bessent signaled credibly that Washington has tools and willingness to act, which is exactly what markets needed to hear. With fiscal consolidation coming and tariff revenues stabilizing, the deficit trajectory is far better than the panic-driven yield spike suggested.

The bond selloff is a liquidity distortion, not a verdict on U.S. fiscal health. Thin August trading and a wave of corporate issuance skewed the long end, and Treasury's buyback expansion correctly targeted that mispricing. Bessent signaled credibly that Washington has tools and willingness to act, which is exactly what markets needed to hear. With fiscal consolidation coming and tariff revenues stabilizing, the deficit trajectory is far better than the panic-driven yield spike suggested.

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US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

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US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

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Treasury's bond buyback expansion is smart, proactive market management — Bessent identified thin liquidity in the long end and moved to stabilize it before conditions got worse. Yields don't reflect underlying fundamentals, and fiscal consolidation efforts already underway will correct the deficit picture. The administration has the toolkit and the willingness to use it, and that credible signal alone changes how bond traders position themselves.

Treasury's bond buyback expansion is smart, proactive market management — Bessent identified thin liquidity in the long end and moved to stabilize it before conditions got worse. Yields don't reflect underlying fundamentals, and fiscal consolidation efforts already underway will correct the deficit picture. The administration has the toolkit and the willingness to use it, and that credible signal alone changes how bond traders position themselves.

Doubling bond buybacks was supposed to calm the bond market, but the 30-year yield gave back half its drop within a day — the intervention landed harder as a dollar debasement signal than a bond stabilization move. Bitcoin and gold surged while the bond market shrugged, which tells you exactly what traders think about the long-term credibility of this approach. Buying bonds to suppress yields when debt hits $40 trillion isn't a fix; it's a red flag.

Doubling bond buybacks was supposed to calm the bond market, but the 30-year yield gave back half its drop within a day — the intervention landed harder as a dollar debasement signal than a bond stabilization move. Bitcoin and gold surged while the bond market shrugged, which tells you exactly what traders think about the long-term credibility of this approach. Buying bonds to suppress yields when debt hits $40 trillion isn't a fix; it's a red flag.

US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

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US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

US Treasury Doubles Bond Buybacks as Yields Hit 2007 Highs

The Spin

The Controversies

Salmon

Melville

Lutnick

Cardone

Trump

Bessent

Yardeni

Reuters

Santiago

Invezz

Gromen

Stansberry

Trump

Go Deeper

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