Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb
Bitcoin Magazine Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb Treasury yields soared on Wednesday to their highest level since 2007 while bitcoin’s price slumped. This post Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb first appeared on Bitcoin Magazine
Source: Bitcoin Magazine
―
DW NOTE
The 10-year yield hit 5.02% in September 2007, on the eve of the financial crisis. It hit 5% again this week — nineteen years later — on the back of a $1.9 trillion deficit, a hot war closing the Strait of Hormuz, and a Fed that just raised rates into a supply shock. Treasury announcing a $6 billion buyback the same afternoon tells you exactly how comfortable they are with where yields are heading.