Nobody Wants US Treasury Bonds, the dollar falls and Bitcoin Rises and Rises🚀🚀🚀
Financial concerns and weak demand for US Treasury bonds pushed the US dollar to a two-week low against the Japanese yen on Thursday, as the US Congress took a step toward approving a comprehensive spending and tax cut bill proposed by President Donald Trump.
The US Department of the Treasury saw weak demand for its 20-year bond sale. This not only weighs on the dollar but also on Wall Street, where traders are already worried after Moody's downgraded the US credit rating last week.
Bitcoin reached an all-time high on Thursday, partly because investors sought alternatives to US Assets.
