US long-end yields hit a 24-year high
The 30-year U.S. Treasury yield has once again tightened the screws on risk assets.
The yield on the 30-year U.S. Treasury rose to 5.595%, the highest since 2002. With long-end rates continuing to climb, the opportunity cost of capital is getting higher, and high-volatility assets will feel the pressure first. For crypto assets like BTC and ETH, the market’s read is more bearish, and near-term sentiment is more likely to be suppressed.
If long-end yields keep surging, whether U.S. stocks and Bitcoin can hold key support will be the first thing to watch. Another scenario is that yields pull back temporarily, and risk appetite can breathe a little again. Are you more focused on $BTC holding support first, or are you more worried that altcoins will come under pressure first?
Source: BlockBeats
Chart 1: U.S. Treasury long-end yields hit a 24-year high · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/369610
The 30-year U.S. Treasury yield has once again tightened the screws on risk assets.
The yield on the 30-year U.S. Treasury rose to 5.595%, the highest since 2002. With long-end rates continuing to climb, the opportunity cost of capital is getting higher, and high-volatility assets will feel the pressure first. For crypto assets like BTC and ETH, the market’s read is more bearish, and near-term sentiment is more likely to be suppressed.
If long-end yields keep surging, whether U.S. stocks and Bitcoin can hold key support will be the first thing to watch. Another scenario is that yields pull back temporarily, and risk appetite can breathe a little again. Are you more focused on $BTC holding support first, or are you more worried that altcoins will come under pressure first?
Source: BlockBeats
Chart 1: U.S. Treasury long-end yields hit a 24-year high · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/369610
