US 10-year Treasury yield tops 5.20% for first time since 2007
The US 10-year Treasury yield rose above 5.20% for the first time in 19 years, according to @TheKobeissiLetter. The yield increased by 50 basis points over 30 days and by 30 basis points over 2 days. Rising yields indicate falling bond prices and tighter financial conditions, which typically pressure risk assets, including cryptocurrencies.
