The Debasement Trade Has Entered Its Second Phase

The U.S. Treasury announced on August 19 that it would at least double the maximum size of its liquidity-support buybacks in the 10-to-20-year and 20-to-30-year bonds. The news reversed over six months of position unwinding of debasement trade; gold rose roughly 15% in August and Bitcoin roughly 25%.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 4 weeks ago

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News ID #12,464

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