US 10- and 30-year Treasury yields hit highest since 2007
- —US 10-year Treasury yield at 5.14%, highest in 19 years
- —30-year yield reached 5.435% intraday
- —5-year yield topped 5% for the first time since 2007
- —Higher yields pressure stocks and crypto via discount rates
Why it matters: Elevated Treasury yields weigh on risk assets and cap upside for bitcoin and other cryptocurrencies.
Source: Bloomingbit