{"id":176002,"date":"2023-10-17T22:46:49","date_gmt":"2023-10-17T17:16:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176002"},"modified":"2023-10-17T22:46:49","modified_gmt":"2023-10-17T17:16:49","slug":"echoes-of-07-10-year-u-s-treasury-note-yield-rises-to-pre-crisis-levels-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/echoes-of-07-10-year-u-s-treasury-note-yield-rises-to-pre-crisis-levels-crypto-news\/","title":{"rendered":"Echoes of \u201907: 10-year U.S. Treasury note yield rises to pre-crisis levels – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

The bond market is exhibiting significant destruction, as reflected by the current state of the U.S. 10Y note. Recently, the yield on the note surged above 4.843%, a high unseen since 2007 and just 17bps from the 5% mark. This high-yield period precedes the creation of Bitcoin by several years, illustrating just how long ago it was.<\/p>\n

US10Y & BTCUSD: (Source: Trading View)<\/figcaption><\/figure>\n

The rise in U.S. yields follows a considerable unexpected surge in U.S. retail sales, where the month-over-month increase reached 0.7%, more than double the initial projection of 0.3%.<\/p>\n

\"Retail
Retail Sales, month over month :(Source: Trading Economics)<\/figcaption><\/figure>\n

This surge signifies a strong sell-off in the bond market, evident in the performance of long-duration bonds such as the TLT, a 20-year+ treasury bond. The TLT opened at a notably low level of 84.89, a mark only replicated a scant few times in 2004 and 2006.<\/p>\n

\"TLT:
TLT: (Source: Trading View)<\/figcaption><\/figure>\n

This paints a stark picture of the upheaval bonds have endured due to the most rapid tightening of interest rates witnessed in four decades. The bond market is in a precarious position due to the intricate inverse relationship between bonds and yields, a dynamic that becomes even more critical in the current climate of swiftly rising interest rates.<\/p>\n

The post Echoes of \u201907: 10-year U.S. Treasury note yield rises to pre-crisis levels<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take The bond market is exhibiting significant destruction, as reflected by the current state of the U.S. 10Y note. Recently, the yield on the note surged above 4.843%, a high unseen since 2007 and just 17bps from the 5% mark. This high-yield period precedes the creation of Bitcoin by several years, illustrating just how […]<\/p>\n","protected":false},"author":2,"featured_media":176003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-176002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176002"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176002\/revisions"}],"predecessor-version":[{"id":176005,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176002\/revisions\/176005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176003"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}