They did it again.

A week after the largest debt buyback in U.S. history, the U.S. Treasury conducted another buyback worth $12.5 billion.

Two historic interventions, separated by seven days, funded by newly minted dollars. If this isn't evidence of monetary pressure, then what is?

Such moves inject liquidity into the system - whether they admit it or not. This liquidity always finds a foothold, and soon high-risk assets like #البيتكوين and cryptocurrencies will feel it. ⏰

#FOMCWatch

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