Bitcoin and gold surge as Bessent's bond market move weakens dollar

'We're Going to Increase the Buyback': Treasury Boss Targets Bond Yields

U.S. Treasury doubles bond buybacks to $4B+ per operation starting Sept. 9 for 10-30 year yields hitting 5.33%, highest since 2007. Rising long-term rates increase corporate borrowing costs, directly affecting venture funding, M&A valuations, and tech investment budgets.