The yield on the US 30-year Treasury bond has climbed to its highest point since 2004. This surge follows a period of intense selling in the bond market, which has pushed yields into the range of 5.3% to 5.37%.
Market analysts attribute this trend to rising inflation concerns, increased government borrowing, and ongoing fiscal-debt challenges. The resulting rise in yields is expected to drive up mortgage rates, corporate borrowing costs, and federal interest expenses.
The tightening of traditional financial conditions is placing downward pressure on risk assets, including Ethereum. Investors are closely monitoring how these macroeconomic shifts and potential changes in fiscal policy will influence the price trajectory of cryptocurrencies.
