🇺🇸 US Treasury yields are climbing across the long end of the curve.
The 10-year yield moves to 4.85%, while the 20-year and 30-year yields rise toward 5.30%.
The move comes after the US Treasury announced a $6B buyback of longer-term debt, around 3× the size of its usual operation.
The goal is to improve liquidity and support smooth functioning of the Treasury market.
But for markets, rising long-term yields matter. Higher yields can increase borrowing costs and put pressure on risk assets, including stocks and crypto. 📉
$BTC & Gold $XAU traders should keep an eye on the 10Y yield.
Do higher Treasury yields mean more pressure ahead for Bitcoin? 👀
#Bitcoin #BTC #Crypto #Treasury #Markets
The 10-year yield moves to 4.85%, while the 20-year and 30-year yields rise toward 5.30%.
The move comes after the US Treasury announced a $6B buyback of longer-term debt, around 3× the size of its usual operation.
The goal is to improve liquidity and support smooth functioning of the Treasury market.
But for markets, rising long-term yields matter. Higher yields can increase borrowing costs and put pressure on risk assets, including stocks and crypto. 📉
$BTC & Gold $XAU traders should keep an eye on the 10Y yield.
Do higher Treasury yields mean more pressure ahead for Bitcoin? 👀
#Bitcoin #BTC #Crypto #Treasury #Markets
