The performance of the Treasury invoices to 30 years of the USA. This movement occurs following the American degradation credit of Moody, stripping the country of AAA rating due to the growing deficits and intense interest expenses.
The last time that the long end of the yield curve reached 5% was on April 9, during the so -called “tariff tantrum”, which caused acute settlements in the capital markets of Crypt and American.
At that time, Bitcoin (BTC) hovered near its local minimum of around $ 75,000. Since then it has been strongly recovered, currently quoting around $ 103,000 after reaching a Sunday maximum of $ 106,000.
“The last time the 30 years closed at or above 5% (at 6 PM et Mark) was on October 31, 2023. The highest closing yield in recent memory was 5.11% on October 19, 2023, the highest since July 2007, almost 18 years ago. The current performance is only 12 basic points of overcoming that milestone,” said Jim Bianco, head of research of Bianco.
In addition, the United Kingdom surpassed China in March to become the second largest foreign treasure of US treasures., With holdings for a total of $ 779.3 billion, which only in the front of Japan, which remains the main foreign holder.
Both China and Japan have continued to reduce their treasure holdings of the United States in the last 12 months, which underlines the growing need for the United States to attract new buyers for their debt.
As the US Treasury faces increasing deficits, with the potential to emit more bonds, increasing the offer and, therefore, push the highest yields while prices fall. Meanwhile, Nasdaq’s futures decrease around 2%, which reflects a broader risk feeling in the market.
