Arthur Hayes anticipates U.S. Treasury borrowing and TGA balance
@CryptoHayes: Arthur Hayes on US Treasury
Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, shares insights on the upcoming US Treasury quarterly refunding.
Hayes is particularly interested in several key factors, including the estimate of the next quarter's borrowing. According to Hayes, an increase over prior estimates could be '''liquidity positive''' for the markets. Additionally, he emphasizes the importance of the target Treasury General Account (TGA) balance, noting that a lower target is preferable for enhancing '''dollar liquidity'''.
Hayes also suggests paying attention to any commentary from the US Treasury on the bond market, especially amid ongoing tariff-related uncertainties. As market participants await the Treasury's announcements on October 28th and 30th, these elements could play a critical role in shaping economic expectations.
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In the previous news, tweet author Arthur Hayes discussed the implications of major economic policies on Bitcoin. For more details, read here.
