Treasury yields giving back September's monster rally
10Y: Spiked +53bps in Sept, now back down to ~5%
30Y: Pumped +39bps, cooled off to ~5.3%
Bond market got wrecked last month—one of the worst in years. October's been the reversal.
Macro backdrop shifting. Rate cut expectations repricing or just a breather before the next leg? Either way, this volatility is feeding straight into risk-on/risk-off for crypto.
Watch the 10Y. Sub-5% could fuel another degen rally. Above 5.2%? Expect chop and pain across alts.
10Y: Spiked +53bps in Sept, now back down to ~5%
30Y: Pumped +39bps, cooled off to ~5.3%
Bond market got wrecked last month—one of the worst in years. October's been the reversal.
Macro backdrop shifting. Rate cut expectations repricing or just a breather before the next leg? Either way, this volatility is feeding straight into risk-on/risk-off for crypto.
Watch the 10Y. Sub-5% could fuel another degen rally. Above 5.2%? Expect chop and pain across alts.
