Treasury rally could add pressure on bitcoin as tech stocks slide
- —10-year Treasury yields fell 17 bps as the Nasdaq 100 lost 5.5% in a week
- —Treasuries had sold off for seven straight months on inflation and AI-related debt supply
- —US investment-grade corporate issuance reached about $1.7 trillion, up 29% year on year
- —Markets still price one Fed hike this year and another in 2027
Why it matters: A deeper tech selloff would push more capital into Treasuries, adding downside pressure on bitcoin, which has traded in lockstep with Nasdaq.
Source: Blockmedia