US 10-year Treasury yield tops 5% for first time since 2007
- —10-year Treasury yield above 5% for the first time since 2007
- —30-year yield exceeded 5.3%, US national debt at $40 trillion
- —Japan's 10-year rate rose to 3%, a 30-year high
- —The Treasury expanded long-term debt buybacks: auctions above $4 billion
Why it matters: Rising US government bond yields increase pressure on bitcoin and risk assets by raising the alternative return on risk-free investments.
Source: Crypto Briefing