Upcoming $202 Billion U.S. Treasury Settlement Could Impact Bitcoin Markets

A $202 billion U.S. Treasury coupon settlement scheduled for September 30 is set to test quarter-end overnight financing. While the Federal Home Loan Bank of New York reports current market stability, there are concerns that net new supply could increase repo borrowing rates. The settlement includes a 10-year inflation-protected bond along with two-, five-, and seven-year notes. Whether this liquidity pressure will affect Bitcoin remains uncertain.