U.S. Treasury market even as the Federal Reserve shows its resolve to keep borrowing costs higher. The tranquility is supportive of risk assets, including cryptocurrencies.
Treasury debt securities, issued by the government and widely considered the world's safest and most liquid instruments, have risen to the apex of global collateral and securities finance.of collateral to create money. In other words, it alleviates liquidity stress in the global market, incentivizing higher borrowing and gearing of portfolios. That is a positive outcome for risk assets like bitcoin and stocks.
The latest decline in the index helps ease financial conditions, while major central banks appear in no mood to deliver rapid rate cuts any time soon.
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