US Treasury Boosts Buybacks as Bitcoin Surges Past $77,000
The US Treasury announced it will at least double the maximum size of its liquidity-support buybacks of longer-dated nominal coupon securities as yields have been advancing.
Bitcoin surged past $77,000 to reach its highest trading level since mid-May, marking a new 3-month high.
The Dow fell -0.85%, the S&P lost -1.43%, and the Nasdaq Composite handed back -2.05% for the week.