đ U.S. Treasury yields keep climbing despite bigger bond buybacks
The U.S. 10Y Treasury yield hit 4.856%, its highest level since October 2023, while the 30Y moved above 5.3%.
The Treasury is now repurchasing $6B of long-dated debt, but the move hasnât been enough to ease pressure on longer-term yields.
Why the pressure?
âą Rising government borrowing needs
âą Higher oil prices pushing inflation concerns
âą Growing worries around fiscal sustainability
âą Higher yields increasing competition for risk assets like Bitcoin
WTI crude is also around $97, adding another layer of uncertainty for markets.
Bitcoin continues to consolidate around $78K as traders watch rates, liquidity and macro conditions closely.
Macro remains a key driver for crypto.
#dyor #NFAâ
The U.S. 10Y Treasury yield hit 4.856%, its highest level since October 2023, while the 30Y moved above 5.3%.
The Treasury is now repurchasing $6B of long-dated debt, but the move hasnât been enough to ease pressure on longer-term yields.
Why the pressure?
âą Rising government borrowing needs
âą Higher oil prices pushing inflation concerns
âą Growing worries around fiscal sustainability
âą Higher yields increasing competition for risk assets like Bitcoin
WTI crude is also around $97, adding another layer of uncertainty for markets.
Bitcoin continues to consolidate around $78K as traders watch rates, liquidity and macro conditions closely.
Macro remains a key driver for crypto.
#dyor #NFAâ
