US Treasury Buys $6 Billion of Bonds as Bitcoin Battles 24-Year-High Yields

The U.S. Treasury bought $6 billion in bonds as yields remained elevated, with the 10-year yield reportedly near a 24-year high. High yields can make fixed-income assets more attractive relative to Bitcoin and weigh on risk appetite, adding pressure to BTC. The bond purchase alone does not establish a lasting shift in yields or Bitcoin’s direction.