The latest U.S. 30-year Treasury auction yield climbed to 5.06%, the highest level since 2007, pushing long-term Treasury yields back above 5%. According to ChainCatcher, the move comes as the 30-year yield was around 2% at the start of 2022.
Analysts said the rise in long-term yields lifts the risk-free rate, increases discount rates for risk assets, and creates structural pressure on assets such as Bitcoin. They also said a risk-free rate above 5% raises the allocation threshold for speculative capital, while higher debt-financing costs tied to widening fiscal deficits are sending a short-term risk-off signal to markets.
Market competition for资金 is also being intensified by the AI infrastructure investment boom, as major technology companies continue issuing bonds to fund AI buildouts and compete with the U.S. government for market capital. Investors are watching the 5.2% level, this year’s May high, and a break above it could signal further increases in long-term rates and tighter financial conditions.
U.S. 30-Year Treasury Auction Yield Rises to 5.06%, Highest Since 2007
2026-07-20 00:03:40
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