30-year U.S. Treasury yields hit 5.27%, the highest since 2008, crossing the psychological 5% threshold and pressuring risk assets including crypto.
Macro & Markets ·
The yield on 30-year U.S. Treasury bonds reached 5.27%, the highest level since 2008, crossing the 5% threshold that is historically viewed as a psychologically significant level for financial markets. Rising Treasury yields typically weigh on riskier assets including equities and cryptocurrencies.