Gold and Bitcoin Surge on Treasury Bond Market Fight. Scarce Asset Owners Are This Market’s Big Winners
Gold and Bitcoin Surge on Treasury Bond Market Fight. Scarce Asset Owners Are This Market’s Big Winners
Source: 24/7 Wall St.
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DW NOTE
The Treasury market isn't fighting — it's repricing the probability that the US cannot sustainably finance a $2 trillion annual deficit with 10-year yields near 4.69%. Gold at $4,690 and Bitcoin's rally reflect the same calculation: real rates are negative when inflation runs above 3.5% and the government borrows 7% of GDP per year. Scarcity only matters when dilution accelerates.