According to The Kobeissi Letter, the US 30-year Treasury note yield has officially breached 5.00%, while the 10-year note yield climbed another 11 basis points as of May 19, 2025. Bond markets are responding to persistent inflation concerns, lack of recession signals, and stalled trade negotiations. This surge in yields signals tightening financial conditions, which could drive mortgage rates to 8% unless policy intervention occurs (source: @KobeissiLetter). For cryptocurrency traders, rising yields tend to strengthen the US dollar and reduce risk appetite, adding pressure to Bitcoin and altcoin prices as investors rotate into safer assets.

According to The Kobeissi Letter, the 30-year US Treasury yield has climbed back to 5% and mortgage rates have exceeded 7%, despite recent trade deals and weak inflation data (source: The Kobeissi Letter, May 15, 2025). These persistent high yields reflect ongoing economic uncertainty and signal tighter financial conditions, which often lead to increased volatility across risk assets, including cryptocurrencies. Historically, rising yields can reduce liquidity and investor appetite for speculative assets like Bitcoin and altcoins, possibly causing short-term price corrections. Crypto traders should closely monitor bond market movements as they remain a leading indicator for broader risk sentiment.