Besent's Treasury Twist impacts Bitcoin and US Bond Market

MGR Online•Economy•1d ago

Reader Briefing

The US Treasury prepares to use nearly 950 billion dollars from the TGA account to buy back long-term bonds under a strategy called Treasury Twist.

•US Treasury Secretary Scott Besent introduced the Treasury Twist strategy to buy back long-term bonds.
•Bitcoin reached 80,000 dollars on Monday, August 24, 2026, before falling to 78,835 dollars.
•The US Treasury intends to utilize funds from the Treasury General Account (TGA) starting September 9.
•Financial institutions and economists are divided on whether the policy will stabilize the market or cause inflation.

•The Treasury General Account (TGA) balance reached 935 billion dollars as of August 20.
•The US Treasury increased the bond buyback limit from 2,000 million dollars to at least 4,000 million dollars per round.
•Bitcoin rose to 80,000 dollars on Monday, August 24, 2026, then dropped to 78,835 dollars within seconds.
•The 30-year bond yield hit a nearly 20-year high of 5.31% on August 17, before fluctuating to 5.21% the following week.
•Citadel Securities warned that the Treasury Twist is a form of financial repression that risks weakening the dollar and triggering inflation.
•Peter Schiff stated the plan will shorten the average maturity of public debt and lead to uncontrollable inflation.
•Tom Lee of Fundstrat believes the US Treasury's strategy will support long-term assets including stocks, crypto, gold, and real estate.
•The market awaits September 9, the date the Treasury Twist policy is scheduled to be implemented.

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Scott Besent(สก็อตต์ เบสเซนต์)

The US Treasury Secretary who named the Treasury Twist strategy.

Peter Schiff(ปีเตอร์ ชิฟฟ์)ℹ️

Chief Economist at Euro Pacific Asset Management who warned that the plan leads to uncontrollable inflation.

Benjamin Chabot(เบนจามิน ชาบอต)

A former economist at the Fed's Chicago branch.

Tom Lee(ทอม ลี)

An analyst from Fundstrat who views the US Treasury's strategy as a positive factor for long-term assets.

US Treasury(กระทรวงการคลังสหรัฐฯ)ℹ️

The US government body managing the TGA account and implementing bond buyback strategies.

Fed(เฟด)

The central bank where the US government deposits the Treasury General Account.

The news organization that received confirmation from high-level sources regarding the government's plan to use TGA funds.

Citadel Securitiesℹ️

A leading financial institution that warned the Treasury Twist is a measure of financial repression.

Euro Pacific Asset Management

The firm where Peter Schiff serves as Chief Economist.

Fundstrat

The firm associated with Tom Lee.

Treasury Twist

A strategy by Scott Besent to use TGA funds to buy back long-term bonds.