nalr

US 30Y Auction: Highest Yield Since 2001 The 30-year auction just stopped out at 5.216% — the highest since 2001. But it tailed 0.4bp above the when-issued yield (5.212%): demand exists, just at a price. Bid-to-cover 2.44. Context that matters: • 10Y auction this week: highest since 2007 🏦 • 10Y at 18-month highs (~4.75%), 30Y back above 5.2% • Long-end is no longer Fed-driven — it's fiscal deficits + AI bond issuance + inflation all fighting for the same capital Translation for risk assets: the risk-free rate just got pricier. Higher discount rate = structural headwind for $BTC & equities. This auction is the quietest "risk-off" signal of the month. ⚠️ #us30ybondauctionyieldhighestsince2001 #EthereumFoundationDropsPoseidonForL1 #SP500ClosesAtRecordHigh #SanDiskExtendsGainsTo11% #TapestryFallsNearly15%OnEarnings $ETH