US 30-year Treasury yield hits 5.595%, highest in 24 years
- —US 30-year Treasury yield reached 5.595%, the highest since 2002
- —It closed at 5.56% on September 28, up 7 bps week-over-week
- —The 10-year yield rose above 5.20%
- —Bitcoin trades near $83,500, Ethereum near $2,700
Why it matters: Elevated risk-free yields erode bitcoin's appeal and tighten the liquidity that has fueled speculation in futures and DeFi.
Source: Siam Blockchain