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🚨 🇺🇸 6-MONTH T-BILL DEMAND HITS RISK AS CASH KEEPS COMPETING WITH CRYPTO U.S. Treasury data tracks 26-week bill auctions, while Reuters says Treasury has been leaning more on short-term bills to manage funding needs. The reported $4.2B “Fed bids” alert points to steady demand for short-term government paper as yields stay near 4%. This is cash pulling money away from risk. When investors earn solid yield in bills, Bitcoin and high-beta stocks need stronger reasons to attract fresh flows. T-bills and dollar cash stay attractive; bitcoin:native and growth stocks face pressure when yields hold firm.

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