U.S. 20-year Treasury yield hits 5.443% highest in 22 years as weak auction prices bonds at 5.420% with foreign demand at record low 52.5%.

According to @lisaabramowicz1, Apollo’s Torsten Slok highlighted that foreign demand for US assets was more robust in 2025 than in 2024, countering fears of a mass exodus from the dollar, which is a key macro input for FX, rates, and crypto positioning; source: @lisaabramowicz1 on X, Dec 29, 2025. For flow verification and tracking, traders should reference the U.S. Treasury’s Treasury International Capital (TIC) system, which measures net foreign purchases of Treasuries, agencies, corporate debt, and equities to gauge overseas appetite for USD assets; source: U.S. Department of the Treasury, TIC System. Stronger foreign buying typically supports the USD and can anchor Treasury term premia by absorbing duration supply, shaping DXY and yield dynamics that influence global risk appetite; source: Federal Reserve Board research on term premia and demand effects, BIS Quarterly Review on global dollar funding. For crypto, BTC has historically exhibited periods of negative rolling correlation with DXY, meaning USD strength can coincide with softer BTC performance; source: Coin Metrics correlation datasets and research. Actionably, monitor DXY levels, U.S. 10Y yields, and the monthly TIC release calendar to adjust USD exposure and crypto beta, especially BTC and USD pairs sensitive to dollar liquidity; source: ICE Data Indices (DXY methodology), U.S. Treasury TIC calendar, Coin Metrics correlation monitors.

According to @KobeissiLetter, US funds have received a cumulative USD 1.2 trillion in cross-border inflows since 2010, including USD 1 trillion since 2020, indicating exceptionally strong foreign demand (source: @KobeissiLetter, Dec 28, 2025). According to @KobeissiLetter, this sustained overseas allocation into US funds is presented as a key macro flow datapoint; traders can use this source-cited flow backdrop to contextualize risk appetite across US equities and crypto such as BTC and ETH (source: @KobeissiLetter, Dec 28, 2025).