The bond replacement in June may release a large amount of Liquidity, and I guess the real altcoin season will arrive in June-July. Alts, small-cap U.S. stocks, and gold may all experience a pump, which can be called the "Bond Replacement Bull" 🐂. In June, $6.5 trillion in bonds will mature, and at least $1.42 trillion in new bonds need to be issued to replace the old ones. Who will buy this $1.42 trillion in new bonds? At what Intrerest Rate will they be purchased? This is the key to the release of this Liquidity.

First of all, don't expect the Chinese🇨🇳 to buy. After a series of operations by the understanding king, it is unlikely that China will support the United States with real money like it did in 2008. In fact, China reduced its holdings of long-term U.S. Treasury bonds by $27.6 billion in March, and the second-largest holder of U.S. debt is now the United Kingdom🇬🇧, with China falling to third.
Since the old 🀄️ will not buy, the possibility of other allies purchasing US debt is also minimal. On one hand, no country can take on such a huge amount of debt; on the other hand, if foreign capital is to accept such a large amount of US debt, the yield on US debt will rise sharply, which is something the understanding king's government cannot bear, because this means having to pay high interest 💰.
So looking at it this way, the only solution to the U.S. debt swap in June seems to be the Federal Reserve...

#BTC #ETH #GT #PI