The following is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Sign up now to be among the first to get these insights and other on-chain bitcoin market analysis straight to your inbox.

30-year US Treasury yield hits 3%

Recently, the US 30-year Treasury yield topped 3% as the all-maturity Treasury market and broader credit markets continue to sell off.

The decline in bonds isn't much less than Bitcoin's decline from its all-time high.  Legacy finance is proving to be just as volatile as bitcoin.

12-hour yields for various US Treasury bonds

The rise in yields has resulted in much higher volatility in bond markets and significant losses for investors. The iShares 20-Year Treasury Bond ETF, TLT, which tracks a long-dated index, is now down over 30% from its all-time high set in July 2020. The recent drawdown is the fastest deceleration over a 30-day percentage change since May 2009.



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