US 30-year Treasury yield tops 5.40%, highest since 2007
- —The 30-year US Treasury yield reached 5.40% during trading
- —This is the highest since June 2007
- —The rise in yields reflects concerns over inflation and the budget deficit
- —Higher long-term financing costs weigh on risk assets
Why it matters: Rising long-term US Treasury yields increase pressure on bitcoin and risk assets by making risk-free paper more attractive.
Source: Bloomingbit