The U.S. Treasury raised its long-dated bond repurchase limit from $2B to at least $4B per operation for Sept 9–Nov 4. Markets read it as a dovish signal on fiscal stress, with the dollar weaker and gold and Bitcoin rallying; BTC gained roughly 23% on the week and broke above $78,000.
Matters because: Risk assets are pricing in future liquidity easing rather than the direct policy mechanics, so the move could reverse if the Fed or Treasury clarifies it is not a precursor to looser policy.