According to The Kobeissi Letter, government bond yields are rapidly rising worldwide, with Japan’s 30-year bond yield climbing 50 basis points in 30 days to surpass 3% for the first time ever, and the US 30-year Treasury yield jumping 30 basis points to exceed 5% for the first time (source: The Kobeissi Letter, June 1, 2025). These sharp increases in long-term yields signal tightening financial conditions and could intensify risk-off sentiment, possibly prompting capital outflows from risk assets like cryptocurrencies. Crypto traders should monitor for increased volatility and liquidity shifts as higher bond yields historically pressure digital asset prices due to reduced risk appetite and competition for returns.