BofA: Investors Would Ditch Stocks and Bitcoin for Bonds at 5.9% 10-Year Treasury Yield
- —Rotation threshold from stocks to bonds set at 5.9% on the US 10-year Treasury yield
- —The 10-year Treasury yield currently stands at 5.22%
- —A 20-year yield above 6% could trigger about $110 billion in forced selling
- —Bitcoin fell below $84,000 as derivatives open interest edged lower
Why it matters: Rising Treasury yields weigh on bitcoin and risk assets, with markets focused on CPI and the FOMC meeting on October 27–28.
Source: Blockmedia