المنشور

30-year US Treasury yield surges to 5.23%, is the market danger just beginning? The yield on the 30-year US Treasury bond once rose to 5.23%, hitting a 19-year high. The last time it reached this level was on the eve of the 2007 financial crisis. The biggest disagreement in the market now is not about who is right or wrong, but whether this is truly the peak. Optimists believe that as long as the US economy starts to slow down and expectations for future rate cuts rise, long-term yields have a chance to fall back. But others argue that with the US fiscal deficit continuously expanding and the scale of Treasury issuance increasing, the market is demanding higher risk returns, and the 30-year Treasury yield may remain high for a longer period. The 30-year US Treasury has always been regarded as the global asset pricing anchor. When it stands above 5%, it not only affects the bond market but also leads to a re-pricing of US stock valuations, real estate financing costs, gold, and even cryptocurrencies. $BTC $SNDK $HOME #30年期美债，顶部还是新起点？