đš U.S. BORROWING COSTS ARE SURGING
The U.S. bond market just hit a major pressure point.
âą 30-year mortgage rates: **7.6%**, the highest since late 2023, according to Mortgage News Daily.
âą 10-year Treasury yield: **5.342%**, the highest since early 2002.
âą 30-year Treasury yield: **above 5.65%**, also around 2002-era highs.
âą The 10-year yield jumped **87.1 bps during Q3**, its sharpest quarterly rise since 1994.
WHY IT MATTERS
Higher Treasury yields raise the cost of capital across the economy â mortgages, corporate borrowing and government financing all feel the pressure.
For markets, this is bigger than housing. The 10-year Treasury is a global benchmark for risk pricing, so sustained yields above 5% can tighten financial conditions across equities, credit and crypto.
FACT: Treasury yields are at multi-decade highs.
ANALYSIS: The key variable for crypto is whether higher long-term yields continue draining liquidity/risk appetite, or eventually create a sufficiently attractive yield alternative that changes capital allocation.
RISK: Rising yields can persist even while short-term rates move differently. Watch the long end of the Treasury curve.
OCT 1, 2026 | MACRO / MARKETS
#Macro #Bitcoin #Crypto #TreasuryYields
The U.S. bond market just hit a major pressure point.
âą 30-year mortgage rates: **7.6%**, the highest since late 2023, according to Mortgage News Daily.
âą 10-year Treasury yield: **5.342%**, the highest since early 2002.
âą 30-year Treasury yield: **above 5.65%**, also around 2002-era highs.
âą The 10-year yield jumped **87.1 bps during Q3**, its sharpest quarterly rise since 1994.
WHY IT MATTERS
Higher Treasury yields raise the cost of capital across the economy â mortgages, corporate borrowing and government financing all feel the pressure.
For markets, this is bigger than housing. The 10-year Treasury is a global benchmark for risk pricing, so sustained yields above 5% can tighten financial conditions across equities, credit and crypto.
FACT: Treasury yields are at multi-decade highs.
ANALYSIS: The key variable for crypto is whether higher long-term yields continue draining liquidity/risk appetite, or eventually create a sufficiently attractive yield alternative that changes capital allocation.
RISK: Rising yields can persist even while short-term rates move differently. Watch the long end of the Treasury curve.
OCT 1, 2026 | MACRO / MARKETS
#Macro #Bitcoin #Crypto #TreasuryYields