US 30-year Treasury yield hits highest since 2004 amid bond selloff
- —US 30-year Treasury yield at 5.3–5.37%, highest since 2004
- —Driven by inflation concerns, heavy government borrowing and fiscal-debt worries
- —Higher yields raise mortgage rates and corporate borrowing costs
- —Prediction markets see a high chance of Ethereum holding above $2,500
Why it matters: Tighter traditional-finance conditions pressure risk assets including crypto; further yield gains could keep Ethereum under pressure.
Source: Crypto Briefing