$125 Billion US Treasury Sale Starts Soft: Why Bitcoin May Feel Tuesday's Test

Wall Street got its first look at demand for America’s debt on Monday, and buyers held back. Tuesday brings a bigger test, a $42 billion sale of 10-year notes, hours after fresh inflation data. The 10-year rate shapes what Americans pay on mortgages and what investors pay for stocks. Bitcoin (BTC) pays no interest at all. So when government debt pays more, holding Bitcoin means giving up more income. How Did Monday’s Sale Go? Washington is borrowing $125 billion this week across three sales. Monday’s $58 billion of 3-year notes sold at 4.627%. Bids covered the offer 2.53 times, below the usual 2.64, investingLive reported . Foreign and other outside buyers took 55.5%, short of their 62.7% average. The rule is simple.

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