Analyst: The soaring yield of U.S. bonds indicates a "declining interest" in risk assets, with cryptocurrencies being affected
PANews reported on April 9th, according to The Block, after the introduction of Trump's latest tariff measures, the yield on US 10-year Treasury bonds soared to over 4.5% earlier today, while the yield on 30-year Treasury bonds exceeded 5%. According to Rachael Lucas, an analyst at BTC Markets, a rise in the yield of ten-year treasury bonds usually reflects one or more possible factors including expected inflation increases, stronger than expected economic performance, expectations that interest rates will remain high for a longer period of time or increased concerns about fiscal stability.
The current rising yields and falling stock market (such as S&P500 index) indicate not only strong economic growth but also signals of increasing pressure and tightening liquidity. Money is becoming more expensive with higher borrowing costs and risk appetite is declining. This market condition points towards "broader market pressures", which are unfavorable for speculative assets development including cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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