#us10yearyieldnears5.3%
🚹 US 10-year Treasury yield hits 5.34% as bond selling intensifies.
The 10Y briefly reached 5.34% on October 1, its highest level since 2002, before pulling back toward 5.26%. It has now risen for four straight sessions and posted its strongest quarterly increase in more than 30 years.
What makes the move interesting is that August core PCE eased to 3.0% YoY, yet Treasury yields kept climbing.
Investors are also weighing persistent energy costs, resilient economic activity, heavy government borrowing and uncertainty around the Fed’s future policy path.
For crypto, the key issue is liquidity.
Higher long-term yields can put pressure on growth stocks, technology and crypto assets as future cash flows are discounted at higher rates.
So this isn’t simply a Fed story. Term premium, fiscal concerns and inflation risk are also part of the bond-market equation.
The big question now: Can risk assets stay resilient if the 10Y remains above 5%?
$BTC
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