According to Mihir (@RhythmicAnalyst), the bond market provides a more accurate picture of the economy than the stock market, with recent data showing 10-year bonds being sold at higher yields, indicating increased debt costs (source: Twitter). For crypto traders, this development suggests tighter liquidity conditions and potential volatility in digital asset markets as investors reassess risk across financial sectors.

According to The Kobeissi Letter, the 10-year US Treasury yield has surged above 4.50% as expectations for Federal Reserve rate cuts are postponed even further (Source: @KobeissiLetter, June 6, 2025). This move brings yields to within 8 basis points of those seen during the weak 20-year bond auction on May 21, 2025. Elevated yields typically pressure risk assets, including cryptocurrencies, as higher yields attract capital away from digital assets and increase the opportunity cost of holding non-yielding tokens. Crypto market participants should monitor bond yield trends closely, as further upward movement may trigger volatility in major coins and DeFi protocols.

According to The Kobeissi Letter, the Court of International Trade has struck down tariffs, immediately pushing the US 10-year Treasury Note yield above 4.50% (source: Twitter - The Kobeissi Letter, May 29, 2025). Despite changes in tariff policy or trade deals, yields continue to climb, signaling persistent inflation concerns and tighter monetary conditions. For crypto traders, rising yields often mean stronger US dollar momentum and potential risk-off sentiment, which can pressure Bitcoin and altcoin prices. Traders should monitor bond market volatility as it may trigger further crypto market corrections or volatility.

According to The Kobeissi Letter, the 10-year US Treasury yield is approaching 4.50% again today, causing equities to turn negative. The bond market is currently pricing in higher interest rates and increasing fiscal deficits, suggesting that a sustainable rally in risk assets like stocks and cryptocurrencies may depend on a reversal to lower yields (source: The Kobeissi Letter, May 28, 2025). Crypto traders should closely monitor bond yields as persistent high rates can lead to risk-off sentiment, affecting both stock and crypto market liquidity and valuations.

According to The Kobeissi Letter, the 10-Year Treasury Note yield is rising toward 4.50% as of today, pressuring equities into negative territory. The bond market is currently pricing in expectations of higher interest rates and growing fiscal deficits, which has led to broad risk-off sentiment (Source: The Kobeissi Letter, May 28, 2025). Sustained high yields often draw capital away from risk assets like stocks and cryptocurrencies, increasing volatility and limiting the potential for a sustained crypto rally. Traders should monitor bond yields closely, as lower yields are seen as a key catalyst for renewed bullish momentum in both equity and crypto markets.

According to The Kobeissi Letter, the resurgence of the trade war should not come as a surprise to traders who monitor the bond market closely, as it provides key leading indicators for macroeconomic shifts impacting risk assets, including cryptocurrencies. Bond yield movements often precede volatility in equities and crypto markets, signaling risk-off sentiment and potential capital flow changes (source: @KobeissiLetter, May 23, 2025). Crypto traders should track bond market trends as they can anticipate increased market turbulence, USD strength, and liquidity shifts, all of which are highly relevant for Bitcoin and altcoin price action.

According to The Kobeissi Letter, the 30-year US Treasury note yield surged to 5.09% for the first time since November 2023, signaling a significant shift in the bond market landscape (source: @KobeissiLetter, May 21, 2025). With the Federal Reserve having raised interest rates four times in 2023, this yield level was last seen in July 2007. For crypto traders, rising long-term yields often increase market volatility and can pressure risk assets like Bitcoin and Ethereum, as higher yields may attract capital away from digital assets into safer government bonds. Monitoring this bond market movement is crucial for anticipating liquidity shifts and potential price reactions across the cryptocurrency market.

According to Mihir (@RhythmicAnalyst), 20-year US Treasury yields have climbed above 5% today, approaching their recent all-time high. This signals that the bond market does not anticipate a Federal Reserve rate cut in the near future (source: Mihir on Twitter, May 14, 2025). For crypto traders, higher yields typically strengthen the US dollar and reduce risk appetite, often leading to downward pressure on major cryptocurrencies like Bitcoin and Ethereum. Crypto market participants should monitor treasury yields closely, as sustained high yields may indicate continued volatility and potential outflows from digital assets into traditional safe-haven instruments.

According to @KobeissiLetter, the current decline in stocks is mirrored by falling treasury yields, a trend that could impact cryptocurrency markets. Without a surge in treasury yields, President Trump may not intervene to support the markets, potentially leading to increased volatility in digital assets. This situation calls for traders to closely monitor bond market developments as they could signal critical shifts in crypto price movements.

According to The Kobeissi Letter, the US interest expense on national debt has reached a record $1.2 trillion over the past year. This increase necessitates extensive issuance of US Treasuries, leading to a surplus in the bond market and a subsequent drop in bond prices. This scenario is critical for traders, as falling bond prices can impact yields and influence broader financial markets.

According to The Kobeissi Letter, the persistent inflation and US deficit spending have led to the US interest expense on national debt reaching a record $1.2 trillion over the last 12 months. This situation necessitates mass issuances of US Treasuries, which in turn causes bond prices to fall as the market becomes saturated with bonds. Traders should monitor bond market movements as they can impact broader financial markets.

According to The Kobeissi Letter, gold prices have surged by 114% since March 2020, significantly outperforming the bond market, as indicated by the popular bond-tracking ETF, $TLT, which has declined by 45%. This remarkable shift in investment sentiment towards gold is attributed to several factors, including economic instability and inflation concerns, which have increased gold's appeal as a safe-haven asset. Traders are advised to consider the continued volatility in the bond market and the potential for further gains in gold as part of their diversified investment strategies.

According to @KobeissiLetter, the 10-Year Treasury Note Yield has risen above 4.50% at the market open, signaling significant control by the bond market. This yield increase could lead to shifts in cryptocurrency investments as traders react to changing interest rates. Historically, rising yields have pressured riskier assets like cryptocurrencies, as investors might seek safer returns in bonds. Monitoring these interest rate movements is crucial for crypto traders to adjust their strategies accordingly.

According to The Kobeissi Letter, the imminent rise of the 10-year Treasury Note Yield to 5% could significantly impact global markets, including cryptocurrencies. The unsustainable tension between the U.S. administration, China, and the bond market suggests traders should prepare for volatility. The resolution of these pressures could lead to shifts in investment strategies, affecting cryptocurrency trading dynamics as investors seek alternative assets.

According to The Kobeissi Letter, the rapid rise in 10-year Note Yield approaching 5% is creating a critical situation where either President Trump, China, or the bond market must adjust their stance. This unsustainable yield level impacts market stability and trading strategies, as a yield at this level can lead to significant bond sell-offs and shifts in global financial strategies. Traders should closely monitor these entities' responses, as they will directly affect market dynamics and investment decisions.

According to André Dragosch, PhD, a new paper highlights the dysfunction in the US Treasury market, emphasizing the necessity for the Federal Reserve to provide liquidity during such events, termed as the 'Trump-Fed Put'. This insight could influence trading strategies by anticipating Fed intervention in liquidity crises, thus impacting bond market pricing and volatility expectations.

According to The Kobeissi Letter, President Trump's economic priorities shifted quickly following a significant movement in the bond market. Despite previous assertions that no tariff delays would occur, the administration implemented a 90-day pause on tariffs just 12 hours after the bond market showed signs of distress, which coincided with a $12 trillion stock market valuation erosion.

According to The Kobeissi Letter, President Trump has shifted his focus from the stock market to the bond market, emphasizing the importance of interest rates. This indicates a pivotal move for traders, as bond market trends and interest rate fluctuations can significantly impact investment strategies. Traders should adjust their focus accordingly, as changes in interest rates are critical for both bond yields and economic forecasts.

According to @KobeissiLetter, President Trump's decision to implement a 90-day tariff pause came shortly after significant disruptions in the bond market, highlighting the influence of economic indicators on policy decisions. This shift occurred despite previous assertions of no tariff delays, indicating a strategic response to market pressures. Traders should closely monitor bond market trends as they appear to be a critical factor influencing tariff policies.

According to @KobeissiLetter, President Trump prioritized economic stability over tariffs by reversing his stance on tariff delays after the bond market showed signs of distress. This policy shift occurred just 12 hours after the bond market broke, indicating the administration's sensitivity to financial market signals. Traders are advised to closely monitor bond market movements for potential policy changes.