5.18%
that's where the US 10-year closed on September 24. last higher close: 5.19% on July 6, 2007
everyone blames the Fed hike. now the curve on September 25
2-year 4.81%
20-year 5.54%
30-year 5.49%
the pressure sits at the long end. that's the market wanting to get paid for holding US debt
interest eats 3.15% of GDP, same zone as FY1991
back then debt topped out at 60.7% of GDP. now it's 122.6%. same slice of GDP, a far bigger pile
and the "yields kill crypto" line is overdone: $BTC 's 90-day correlation with the 10-year was -0.17, gold's -0.41
none of my money is in BTC. stables and BNB sit untouched in Simple Earn Flexible
still can't answer what I'm paid to sit in crypto when a 1-month bill yields 4.04%
that's where the US 10-year closed on September 24. last higher close: 5.19% on July 6, 2007
everyone blames the Fed hike. now the curve on September 25
2-year 4.81%
20-year 5.54%
30-year 5.49%
the pressure sits at the long end. that's the market wanting to get paid for holding US debt
interest eats 3.15% of GDP, same zone as FY1991
back then debt topped out at 60.7% of GDP. now it's 122.6%. same slice of GDP, a far bigger pile
and the "yields kill crypto" line is overdone: $BTC 's 90-day correlation with the 10-year was -0.17, gold's -0.41
none of my money is in BTC. stables and BNB sit untouched in Simple Earn Flexible
still can't answer what I'm paid to sit in crypto when a 1-month bill yields 4.04%
