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The U.S. financial market saw strong fluctuations after the Treasury’s bond-buying move, when the yield on 10-year Treasury bonds suddenly jumped by 10.52 basis points to 4.942%.

This surge indicates that selling pressure in the public debt market remains very high, reflecting investors’ concerns about record issuance volumes and the outlook for interest rates staying at elevated levels for longer than expected. The 10-year yield nearing the 5.0% threshold serves as a warning signal that the cost of capital is tightening significantly.

For traditional markets, higher risk-free yields will strengthen the U.S. dollar but also put heavy pressure on valuations in the U.S. stock market and cause non-yielding safe-haven assets like gold to face short-term adjustment pressure.

As for crypto, the spike in bond yields is a headwind for risk capital flows. Market liquidity may be pulled back toward safer instruments, making $BTC and altcoins more vulnerable to bouts of volatility or pullbacks as investors become more cautious. 📊

#lai_suat #trai_phieu #vi_mo

The U.S. Department of the Treasury has just completed a 30-year government bond auction worth $22 billion, with unexpectedly strong demand. The actual auction yield came in far below market expectations, thereby quickly easing the 30-year Treasury yield from its intraday peak to 5.33%, while the 10-year yield stayed anchored at around 4.924%.

What stands out is that the allocation rate to primary dealers fell to an all-time low level, according to data from BMO. This indicates that the cash absorbing this issuance largely came from end-users—such as investment funds and financial institutions—alleviating concerns that the market would be overwhelmed by the massive debt supply and the U.S. budget deficit.

The cooling of long-term yields has helped global financial markets temporarily ease some pressure from tighter financial conditions. However, the slight uptick in short-term yields suggests investors remain cautious about the Fed’s path of keeping interest rates high, keeping the USD Index and safe-haven channels in a tug-of-war state.

For the crypto market, the slowdown in the rise of long-term bond yields is an important signal for sentiment to stabilize. As valuation discount pressures ease, institutional capital may become less hesitant about allocating to $BTC and risk assets in the near term.

#trai_phieu #my #vi_mo

The yield on U.S. Treasury bonds with a 2-year maturity in today’s trading session surged sharply by 10 basis points, reaching 4.53%. At the same time, the U.S. Energy Information Administration (EIA) released a report on natural gas inventories for the week ending September 4, which came in at 40 billion cubic feet—far above the forecast of 31 billion cubic feet and the prior period’s figure of 30 billion cubic feet.

The sudden jump in short-term yields indicates that the market is rapidly re-pricing expectations for monetary policy. Although the higher-than-expected natural gas inventory data helps ease some pressure on inflation from the energy sector, developments in the bond market show that concerns about interest rates staying high for longer (higher-for-longer) are still strongly driving sentiment.

A spike in the 2-year yield often directly exerts pressure on risk assets, while also strengthening the U.S. dollar in the short term. When the cost of capital remains elevated, valuations for growth stocks and speculative capital flows across a broad range are subject to noticeable adjustments.

For the crypto market, the rise in U.S. bond yields continues to be a major barrier to new inflows into $BTC . Investor sentiment is likely to shift toward a defensive posture, causing market volatility to narrow in the short term until clearer macro signals emerge.

#lai_suat #trai_phieu #vi_mo

UK government bond yields just hit a record high in decades following a sharp sell-off in the debt market, triggering a surge in bargain-hunting by retail investors in the UK during Tuesday’s trading session.

Data from major retail platforms such as Freetrade and Hargreaves Lansdown shows that trading volumes for UK government bonds reached a new peak this year. Demand was heavily concentrated in longer maturities, such as the 2056 maturity bond with a yield of 5.375%, along with shorter-term issues maturing in 2028 and 2061, to take advantage of tax benefits and lock in attractive income levels.

This development indicates that global bond markets are still dealing with persistent, high interest rates that have remained elevated for a long time, preventing the cost of capital for major economies from cooling down. A flight-to-safety has begun to return to fixed-income assets rather than taking risks, creating significant pressure on the stock market and other risk assets.

For the crypto market, when the risk-free yield in traditional markets stays at historically high levels, idle capital from both retail and institutional investors is likely to become more defensive. $BTC and the digital asset market in general may continue to accumulate within a narrow range as fresh liquidity is diverted to the bond market.

#trai_phieu #anh #kinh_te_vi_mo

Following the decision to raise the ECB’s benchmark interest rate by an additional 25 basis points to 2.5% on Thursday, the financial markets in the Eurozone are under intense pressure to adjust. The move comes with a firm message about the risks of persistent inflation, making expectations of another rate hike in December more pronounced.

Notably, economists including Mark Wall from Deutsche Bank issued a cautious warning that an increase in the gas price shock could erode economic growth in the coming period. The ECB’s acknowledgment of stubborn inflation and stronger-than-expected growth has pushed the pricing for the cycle’s peak interest rates higher, breaking the belief that 2.5% would be the final stopping point.

In the immediate aftermath, European sovereign debt markets were hit by a fierce sell-off, driving the yield on the German 10-year government bond to 3.482% (a peak since 2011) and the 30-year maturity of France to surpass 5.1% (a peak since 2003). The 10-year yield spread between France and Germany widened beyond 90 basis points, signaling heightened fragmentation risk and rising financing costs for the common economic bloc to worrying levels.

For the crypto market, a global environment of persistently high risk-free yields and prolonged tight monetary policy will continue to restrain speculative capital inflows. $BTC and risk assets may face short-term psychological headwinds as investors prioritize defense ahead of further tightening rounds.

#ECB #lai_suat #trai_phieu

Germany’s 10-year government bond yield has just reached 3.4514%—the highest level since April 2011—right ahead of the European Central Bank (ECB)’s important interest rate decision. The market is currently holding its breath, awaiting a message from ECB President Christine Lagarde as benchmark borrowing costs across Europe continue to set fresh highs.

This rise in yields reflects the market’s strong expectations of a rapid tightening cycle, with traders forecasting the ECB will raise the deposit rate from the current 2.25% to 2.74% in December—equivalent to two 25-basis-point hikes. Even the yield curve out to September 2027 is pricing in a peak of 3.10%, despite concerns that higher energy prices could weaken economic growth in the region.

The benchmark yield for Europe’s leading economy hitting a 12-year high is putting significant pressure on global liquidity. Higher financing costs are directly weighing on risk assets and commodities, clearly seen in the COMEX futures price of copper, which has just fallen 3% to $6.61 per pound.

For the crypto market, an environment where the risk-free yield remains elevated continues to tighten the flow of institutional capital into $BTC v and altcoins. Crypto investors need to closely monitor the ECB’s reaction: if Ms. Lagarde signals a less hawkish stance and emphasizes recession risks, a downward adjustment in bond yields could trigger a short-term rebound across the broader market.

#ECB #lai_suat #trai_phieu

In the Tuesday trading session, the government debt market saw a violent sell-off as yields on UK government bonds with a 30-year maturity hit 5.83%, the highest level since May 1998. The UK Debt Management Office (DMO) is facing pressure to issue new debt maturing in 2056, with borrowing costs at a record level since the agency was established in 1998. It is expected to raise up to 5 billion pounds, according to an assessment from CIBC.

This move reflects the heavy fiscal pressure on the UK amid a wave of global bond sell-offs. Borrowing costs reaching a peak close to three decades shows that investor confidence in the ability to control both the budget deficit and long-term inflation is weakening, making the cost of financing public debt for developed economies far more expensive than anticipated.

On the global financial front, surging long-term government bond yields have created repricing pressure across most risk-asset channels. Money flows tend to shift toward safe-haven assets or hold cash earning high interest, increasing pressure for adjustments in the stock market and tightening interbank liquidity.

For the crypto market, an environment in which the risk-free rate has been anchored at a record high for decades is a major barrier to speculative capital flowing into $BTC and altcoins. Investors should be cautious and closely monitor macro liquidity risk, as rising funding costs from the bond market often trigger a defensive sentiment across the entire digital-asset market.

#trai_phieu #kinh_te_vi_mo #tai_chinh

In the latest research report, analysts at Deutsche Bank warn that a sharp escalation in geopolitical tensions between the US and Iran is rapidly reversing global market sentiment. The risk of prolonged energy supply disruptions, especially through the Strait of Hormuz, has directly driven oil prices sharply higher, while in Asia, the yield on Japan’s 5-year government bonds has risen by 4.0 basis points to a new record level of 2.295%.

This development shows that the market is facing a double shock: surging geopolitical risk and the return of inflation fears. Elevated energy prices threaten central banks’ efforts to contain inflation, forcing investors to reprice expectations regarding the timing of tightening or the postponement of monetary easing on a broad scale.

A sell-off wave has spread across both global equities and bond markets as capital flows seek safer-haven channels. The sharp jump in bond yields reflects increased cost pressures, putting heavy strain on liquidity in financial markets and causing the USD index and the prices of essential commodities to swing violently.

For the crypto market, this negative macro pressure is significantly reducing risk appetite. Short-term capital tends to move into a defensive posture, putting $BTC and various altcoins under adjustment pressure; investors should closely monitor oil price movements and Middle East tensions before opening large positions.

#dia_chinh_tri #lam_phat #bond

U.S. Treasury Secretary Janet Yellen has officially spoken out to dismiss concerns about rising pressure in the U.S. government bond market. Speaking to the media, she said there is no chaos taking place and emphasized that the U.S. bond system is still operating stably, outperforming many other developed markets even though the budget deficit remains at a high level.

This reassurance comes amid persistent fluctuations in bond yields driven by geopolitical tensions with Iran and soaring energy prices, which are putting pressure on inflation. Yellen said the factors pushing interest rates are only temporary, while also defending the Treasury’s plan to increase the scale of bond buybacks by arguing that the measure does not distort the market structure as some analysts have feared.

The statement from the head of the Treasury helps ease sentiment in the public debt market, curb any sudden surge in yields, and support the USD index in maintaining its pace. With liquidity pressure from the bond market under control, large flows in global financial markets are less likely to face the risk of being abruptly withdrawn from riskier investment channels.

For the crypto market, this positive message provides the necessary breathing room for $BTC and digital assets following days of pressure from macroeconomic factors. Stability in the traditional financial system will reinforce risk appetite, helping capital flows remain in a buildup mode rather than panic-selling hedges ahead of liquidity risk.

#trai_phieu #my #macroeconomics

In the latest capital flow report that has just been released, strategists at Bank of America (BofA), led by Michael Hartnett, issued an important warning about the dangerous complacency of both Fed policymakers and the financial market in the face of the sharp surge in bond yields.

According to data from EPFR Global, U.S. stock funds saw net outflows of up to $14.2 billion in just the past 3 weeks— the highest level since January. Flows into global equities also dropped sharply to $7 billion per week from $52 billion in July. Even as the U.S. 30-year Treasury yield hit its highest level since June 2007 and oil prices broke above $100 per barrel, policymakers still appeared calm and left open the possibility of further rate hikes, creating a dangerous mismatch for the economy.

This move is draining liquidity from the traditional financial market, keeping the USD supported at a high level and pushing the cost of capital to alarming levels. When risk-free yields are at record highs, the pressure to reprice financial assets grows even stronger, increasing the risk of broad, severe volatility.

For the crypto market, a tightening liquidity environment and a strong USD are major obstacles for new capital into $BTC . However, if this complacency leads to a deep correction in the traditional financial system that forces the Fed to reverse course earlier, crypto could quickly become the first channel to absorb liquidity when capital seeks shelter.

#trai_phieu #fed #macroeconomics

The Asian financial market - Asia Pacific has just recorded strong fluctuations as the yields on Australian government bonds with 3-year and 10-year maturities simultaneously hit their highest levels since May 2011. Specifically, the 3-year yield rose 18 basis points to 5.03%, while the 10-year yield added 13 basis points to 5.38%, after the U.S. bond market was heavily sold off overnight under pressure from escalating tensions in the Middle East, which pushed oil prices sharply higher.

The surge in global bond yields shows that inflationary pressure is starting to return strongly as energy costs rise. Expectations that central banks would soon ease monetary policy are being completely reversed, forcing investors to reassess the risk of interest rates staying high for a longer period.

This move not only puts pressure on global equity valuations but also drives capital back into safe-haven assets that offer real yields. The strengthening USD and higher bond yields are creating a strong headwind for risk asset markets in general.

For the crypto market, a prolonged high-rate environment often reduces liquidity and limits new money flowing in. If $BTC the market does not soon absorb the macro pressure, investor sentiment may continue to remain defensive in the short term.

#trai_phieu #lai_suat #vi_mo

U.S. Treasury Secretary Janet Yellen has just issued notable statements regarding the state of the U.S. public debt market during today’s trading session. She emphasized that the United States has the best-performing bond market in the world, and also explained the government bond buyback that just took place, noting that the actual scale did not meet the initial expected level because the Treasury maintained pricing discipline.

Yellen’s clarifications come as investors closely watch the liquidity of the Treasury bond market. The positive point highlighted is that investors do not demand an additional risk premium for longer maturities, suggesting confidence in the structure of the U.S. public debt remains stable, even as the volume of issuance and the pressure from the budget deficit continue to rise.

The Treasury’s decision to repurchase only when prices are truly reasonable sends a signal that regulators do not see liquidity pressure as so urgent that they must intervene at all costs. As a result, bond yields maintain a relatively balanced state, without creating sudden upward pressure on the U.S. dollar or on global borrowing costs.

As for the crypto market, stability in the U.S. public debt market helps minimize unexpected macro liquidity shocks. When systemic risk from the bond market is kept under control, $BTC and other risk assets gain additional room to accumulate without having to endure sudden capital flight pressures.

#trai_phieu #my #finance

The yield on U.S. government bonds with a 30-year maturity has just reached a new peak, touching the highest level since August 2001. This is a noteworthy milestone in the global debt market in today’s trading session.

The super-long-dated yield has surged to a level not seen in more than two decades, reflecting investors’ deep concerns about prolonged fiscal deficit risk, along with expectations for inflation to remain elevated in the future. The market is repricing the scenario that interest rates will stay high for longer (higher for longer).

This move immediately puts heavy pressure on global financial assets. As long-term borrowing costs jump sharply, the USD Index remains strong, while capital flows become more cautious, with investors turning away from riskier channels such as technology stocks or gold, as the opportunity cost of holding assets increases.

For the crypto market, especially $BTC , rising government bond yields are always a headwind for macro liquidity. Institutional investors tend to adopt a defensive stance and restructure their portfolios, which means the market may face adjustment phases or prolonged accumulation until yields cool down.

#trai_phieu #fed #macro_economy