According to The Kobeissi Letter, today’s US Treasury bond auction exhibited weak demand, resulting in a high yield of 5.047%, surpassing the anticipated 5.035% (source: The Kobeissi Letter, Twitter, May 21, 2025). This indicates investors are seeking higher returns due to concerns about bond market stability. For crypto traders, this bond market weakness signals potential capital shifts into risk assets, possibly increasing volatility and trading volume in top cryptocurrencies like Bitcoin and Ethereum.