The Key to Reviving Bitcoin Bull Run is the U.S. Treasury’s Refunding Announcement
- U.S. Treasury’s refinancing announcement, detailing the three-month borrowing needs and the balance to be held in the Treasury General Account, is due on May 1.
- The gross issuance of bonds is likely to decline for the first in two years, offering relief to markets.
- Risk assets will likely rally if the TGA target is maintained at or lowered from the current $750 billion.
Lets see if this continues the melt up.
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