[【US Treasury auctions hit a cold streak for the tenth time! Yields surge to a new high 📉🏦😳】]

The US bond market is flashing a yellow light.
The 5-year Treasury auction shows weak demand, and the tail spread widens.
This is already the tenth consecutive auction to fall flat.
Even more painful: foreign buyers have been steadily shrinking their participation.
Yields have been pushed to a new intra-day high by the buying.
The bond market is giving the market a warning signal.

So what now?
US Treasuries are the pricing anchor for global assets—when they get thrown off, everything else follows.
Weak demand means the Treasury Department has to rely on higher yields to sell.
Pressure from rising interest rates directly spills over to the stock market and the crypto market.
In a high-rate environment that lasts one more day, valuation pressure on risk assets lasts one more day.
Global capital is voting with its feet.

For ordinary investors, just keep an eye on US Treasury yields.
Once they move, global asset pricing moves with them.
The bond market is a more sensitive alarm system than the stock market.
If yields don’t fall, risk assets can’t form a clear trend.
If it doesn’t turn back, it’s hard for the market to make big moves.
First watch it—then watch the coins.

📌 The continued weakening of US Treasury demand is an important signal of global liquidity conditions. Rates are easy to rise but hard to fall. In the short term, keep risk assets at arm’s length, and wait patiently for liquidity conditions to turn.

Group chat: Tap the card below to join the group and get strategies every day
➕ Fan group to receive strategies!🔥 Every day, I’ll help you understand the biggest crypto news and the flow of institutional capital—using the simplest way to spot the next opportunity!🚀加入社群领取策略