Rising sovereign yields threaten tech financing and crypto markets - CoinDesk
Rising sovereign yields threaten tech financing and crypto markets - CoinDesk
Source: CoinDesk
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DW NOTE
The 10-year yield at 4.68% and climbing isn't an abstract risk to crypto and tech — it's a direct tax on every marginal equity that depends on future cash flow being worth something today. When sovereigns have to pay 4.68% just to roll over debt, the bid for speculative assets isn't weakening, it's evaporating.