Treasury Yields Soar, Raising Fed Yield-Curve Control Concerns Amid Bitcoin Rally

US Treasury yields surged to 4.74% on August 21, sparking debate about whether the Federal Reserve will consider yield-curve control.

The 10-year and 30-year yields rose to 4.24% and 5.27%, respectively, while the 2-year yield climbed to 4.27%

The Treasury doubled long-bond buybacks but maintained that the program is neither quantitative easing (QE) nor yield control.

Despite higher yields, Bitcoin rose above $78,000 as gold strengthened and the dollar weakened, leading some analysts to suggest that lower real yields and stronger dollar liquidity could support crypto and gold prices.