#US10YearYieldsNear5%

Producer prices just hit 5.4% year-over-year. The Fed decision is in five days. August PPI set the stage: · Headline +0.4% MoM, with annual inflation rising to 5.4% · Final demand goods +1.1%, led by a 24.1% monthly jump in diesel · Core PPI +0.2% MoM, below the 0.3% forecast · Annual core PPI still at 4.6%, well above the Fed's 2% target After the print, September hike odds rose sharply, with some trackers near 73%-74%. The 10-year Treasury yield pushed toward 5%. At Jackson Hole, Chair Warsh said underlying inflation trends had not "meaningfully improved" and stepped back from forward guidance. A hot CPI print would make a hold harder to explain. The market knows it. The ECB moved the same day, hiking 25bps to 2.5%, with Lagarde calling the decision a "no-brainer." The real signal was in the forecasts: 2027 core inflation was revised up to 2.6% before easing in 2028. This is not just an energy story. Broader price pressure is building on both sides of the Atlantic. Friday's CPI is the last major inflation print before the Sept. 16 Fed decision. Consensus sits around +0.4% MoM and 3.3%-3.4% YoY, with core expected at +0.2% MoM and 2.4% YoY. A hot PCE-relevant surprise would make the September hike case much harder to push back against. BTC has pulled back into the mid-$76K area after repeatedly stalling near the 50-week moving average around $81K. One number at 8:30AM ET could decide whether the range stabilizes or breaks lower. Which matters more for BTC this week: CPI, yields, or the Fed's reaction function? #PPIHotCPINext #US10YearYieldsNear5%

🚨 5% is knocking on Wall Street’s door. U.S. 10Y yields briefly hit 4.979%, while 30Y yields reached a 19-year high. Expensive money is back—and risk assets are feeling it. 😅 If 10Y breaks 5%, does $BTC hold its ground or does volatility take the wheel? $BTC

5% TREASURY YIELD SEEN AS KEY STOCK-MARKET DANGER ZONE With the 10-year Treasury yield above 4.96%, a Bloomberg survey shows investors increasingly see 5%-5.25% as the level that could trigger a 10% S&P 500 correction. Still, more than two-thirds said the speed of the yield surge matters more than the absolute level, as inflation and Fed hike risks intensify. $SPX

🇺🇸 The U.S. Treasury is stepping deeper into the bond market. Treasury just announced a $6 billion buyback of 10–20 year bonds — triple the size of its previous long-term operation. The goal: improve liquidity and ease pressure on long-term yields. But here’s the interesting part: the 10-year yield still climbed toward 4.85%. If Treasury buybacks keep expanding, could this become a major liquidity catalyst for risk assets — including Bitcoin? BTC bullish or bearish? 👀 $BTC

“I’m the house now!” → Scott Bessent. But Bitcoin is fighting a brutal macro setup: U.S. 10Y yields near 5%, Brent crude above $100, and rising inflation fears are tightening liquidity. DXY below $99. If that breaks, Bitcoin could finally get the liquidity boost it needs.

JUST IN: US Treasury just bought over $5 billion of its own debt

US Treasury buys back $5,1870,000,000 of its own debt.

$BTC and the broader crypto market saw a modest retrace today after Bessent announced a $6B Treasury buyback, coming in below the $8–10B some investors had been expecting. Yields moved sharply higher following the announcement, which is typically a headwind for risk assets. That said, nothing significant has been lost from a technical perspective. Until we break key support levels, I’m still expecting the market to push higher. The next major catalysts are PPI tomorrow and CPI on Friday. With both inflation reports landing within 48 hours, I expect volatility to pick up significantly.

BIG liquidity signal for the market. The US Treasury is reportedly set to buy back around $12.5B of its own debt today — nearly 6× its typical buyback size. That could create a more supportive liquidity backdrop for risk assets. $BTC and altcoins could benefit if that liquidity finds its way into crypto. Watch the reaction closely.

The U.S. Treasury has now bought back $12.5 billion of its own debt, bringing September’s total to $25 billion. The move adds liquidity to the Treasury market as officials step up efforts to improve market conditions amid elevated bond yields.