Crypto

What to buy after selling bitcoin and gold? Bloomberg points to 5 percent U.S. Treasuries

U.S. Treasuries yielding around 5 percent a year could become a more attractive investment than bitcoin and gold, a forecast said. Citing Bloomberg Intelligence chief macro strategist Mike McGlone, a report said he singled out U.S. Treasuries as the key beneficiary of shifting capital. He described the current macro backdrop as the final phase for risk assets. He also pointed to Fed tightening, yields nearing 5 percent and rising energy-price pressure.

Crypto

BoE panelist says dollar stablecoins could boost U.S. currency dominance, Treasury demand

The spread of dollar-linked stablecoins could increase both the global dominance of the U.S. dollar and demand for U.S. Treasuries, Bank of England Financial Policy Committee member Carolyn Wilkins said. She said dollar-denominated stablecoins could ease cross-border payments and expand access to dollar-linked assets outside the United States. She also warned that large-scale redemptions could force issuers to sell short-term Treasuries, potentially amplifying volatility in already unsettled markets.