#全球长期国债收益率升至多年高位
Another warning sign has emerged in global bond markets.
The U.S. 10-year Treasury yield briefly rose to 5.364%, while the 30-year yield reached 5.696%—both near their highest levels in about 24 years.
The U.K. 30-year gilt yield also topped 6%, reaching its highest level since 1998.
There are two main concerns behind this: inflationary pressure from rising oil prices and governments’ ongoing need to borrow more.
Why does this matter?
Because the higher Treasury yields go, the greater the opportunity cost of holding risky assets. Bitcoin is not bound to fall because of this, but if high yields persist, altcoins without sustained inflows may be hit harder.
Going forward, I’ll be watching two things closely:
Whether Treasury yields can retreat from their highs;
Whether $BTC can hold key levels amid macroeconomic pressure.
If yields keep climbing and BTC fails to hold support, the risks for altcoins could grow further.
This time, the question isn’t who’s calling a bull market, but whether investors are still willing to take on risk.
Another warning sign has emerged in global bond markets.
The U.S. 10-year Treasury yield briefly rose to 5.364%, while the 30-year yield reached 5.696%—both near their highest levels in about 24 years.
The U.K. 30-year gilt yield also topped 6%, reaching its highest level since 1998.
There are two main concerns behind this: inflationary pressure from rising oil prices and governments’ ongoing need to borrow more.
Why does this matter?
Because the higher Treasury yields go, the greater the opportunity cost of holding risky assets. Bitcoin is not bound to fall because of this, but if high yields persist, altcoins without sustained inflows may be hit harder.
Going forward, I’ll be watching two things closely:
Whether Treasury yields can retreat from their highs;
Whether $BTC can hold key levels amid macroeconomic pressure.
If yields keep climbing and BTC fails to hold support, the risks for altcoins could grow further.
This time, the question isn’t who’s calling a bull market, but whether investors are still willing to take on risk.