STAY INFORMED
🇺🇸 Major Moves from the U.S. Treasury:
1. Farewell to the Penny: The U.S. Treasury has announced plans to cease production of the penny by early 2026, citing production costs exceeding its face value. Existing pennies will remain legal tender, but cash transactions may round to the nearest five cents.
2. Rising Treasury Yields: Investor concerns over increasing national debt have led to a surge in Treasury yields. A recent $16 billion 20-year bond auction saw tepid demand, pushing yields to their highest since November 2023.
3. Strategic Bitcoin Reserve Established: President Trump signed an executive order to create a Strategic Bitcoin Reserve, utilizing government-held Bitcoin as a national reserve asset. This move positions the U.S. as a significant state holder of Bitcoin.
#TrumpTariffs #MarketPullback #DinnerWithTrump #MerlinTradingCompetition #GENIUSAct
