The US 10-year yield broke above 5% after hot CPI, and a $42 billion auction drew soft demand.
• 10-year notes sold at a 5.020% high yield; bid-to-cover was 2.46 vs a 2.54 average
• Dealers took about 10% of the sale, the most since May
• The 10-year pared gains to about 4.99% after trading above 5%
Why it matters: Higher Treasury yields raise the bar for risk assets, including crypto.
Source: CNBC
Not financial advice.
💬 Do 5% Treasury yields change how you look at crypto risk?
#Treasuries #Inflation #Macro
• 10-year notes sold at a 5.020% high yield; bid-to-cover was 2.46 vs a 2.54 average
• Dealers took about 10% of the sale, the most since May
• The 10-year pared gains to about 4.99% after trading above 5%
Why it matters: Higher Treasury yields raise the bar for risk assets, including crypto.
Source: CNBC
Not financial advice.
💬 Do 5% Treasury yields change how you look at crypto risk?
#Treasuries #Inflation #Macro