US 10-year Treasury yield rises above 5.1 percent

Iran’s Speaker of the Parliament, Mohammad Bagher Ghalibaf, published a message celebrating reports that the US 10-year Treasury yield rose above 5.10%, stating: “Happy 5.1% 10Y America, we’ll return you to 1970s rates.” The post was highlighted by The Kobeissi Letter on X: https://t.co/jDUYrc9ZWj

Key facts

- Source: The Kobeissi Letter shared Ghalibaf’s message on X.
- Subject: US 10-year Treasury yield reportedly exceeded 5.10%.
- Quote: “Happy 5.1% 10Y America, we’ll return you to 1970s rates.”
- Figure: Mohammad Bagher Ghalibaf serves as Speaker of Iran’s Parliament.

Market context and relevance

- Rising long-term US yields increase discount rates and borrowing costs. This typically pressures risk assets, including cryptocurrencies.
- Higher Treasury yields often support the US dollar and reduce liquidity, which can weigh on crypto market performance.
- If sustained, elevated risk-free yields raise the opportunity cost of holding crypto, shift capital toward yield-bearing instruments, and can reduce leveraged activity in DeFi.