Macro· ★★★★· bearish·

US 10-year Treasury yield tops 5.3%, highest since 2002

  • —US 10-year Treasury yield topped 5.3%, the highest since 2002
  • —The yield is up about 1.2 percentage points in 2026, touching 5.34% earlier this month
  • —Bond ETFs attracted a record $469 billion year-to-date through September
  • —PIMCO CIO Dan Ivascyn sees yields reaching 6% and risk assets selling off above 5.5%
Why it matters: Rising Treasury yields pull capital away from bitcoin and pressure valuations of assets with no cash flow.
Source: BeInCrypto KR