{"id":50362,"date":"2021-09-29T11:30:14","date_gmt":"2021-09-29T08:30:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50362"},"modified":"2025-09-02T17:38:25","modified_gmt":"2025-09-02T14:38:25","slug":"rising-u-s-treasury-yields-put-pressure-on-stocks-and-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/rising-u-s-treasury-yields-put-pressure-on-stocks-and-bitcoin\/","title":{"rendered":"Rising U.S. Treasury yields put pressure on stocks and Bitcoin"},"content":{"rendered":"

A jump in long-term U.S. Treasury yields to June levels sparked a fresh round of selling in stock markets and a firmer dollar. The easing of risk appetite also weighed on Bitcoin, which was approaching last week’s lows.<\/p>\n

The yield on 10-year Treasuries, a key benchmark for financial markets, rose above the psychological 1.5% level last seen three months ago. In the previous four sessions, the increase totaled 20 basis points, almost a quarter of the total rise since the start of the year.<\/p>\n

\n
\\\"Rise
Movements in 10-year U.S. Treasury yields. Data: ZeroHedge<\/a>.<\/figcaption><\/figure>\n<\/div>\n
\n
\\\"Movements
Movements in U.S. government bonds of various maturities over a month and a year. Data: Bloomberg<\/a>.
<\/figcaption><\/figure>\n<\/div>\n

Fed meeting<\/a> the rise in yields was driven by the deterioration of energy-supply conditions amid higher inflation expectations. Earlier, American monetary authorities signaled readiness to begin tapering support as early as November and a possible rate hike by the end of 2022 (votes split evenly).<\/p>\n

On September 28, European gas prices surpassed $1000 per cubic metre, in the U.S. $6\/BTU (the highest since 2014), and Brent crude rose to new post-pandemic highs \u2014 $80 a barrel.<\/p>\n

\n
\\\"Movements
Movements in the price of natural gas per British thermal unit. Data: Bloomberg<\/a>.
<\/figcaption><\/figure>\n<\/div>\n

Higher financing costs hit the stock market, particularly technology shares \u2014 on September 28, the Nasdaq Composite fell 2.83%. Against this backdrop, Bitcoin, which had risen above $44,000 earlier in the week, by the close of trading on Tuesday was below $41 000.<\/p>\n

As of writing, Bitcoin traded at $42,380, up 1.9% over the last 24 hours, according to CoinGecko<\/a>.<\/p>\n

The mood improvement is aided by a modest retreat in government bond yields and attempts to form a technical rebound in futures on U.S. stock indices.<\/p>\n

\\\"Hourly
Hourly BTC\/USD chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In a note, Galaxy Digital founder Mike Novogratz expressed confidence<\/a> about the near-term prospects of digital assets, as long as Bitcoin stays above $40,000 and Ethereum above $2,800.<\/p>\n

Subscribe to ForkLog’s news on Facebook<\/a>! <\/p>\n

\\n<\/p>\n","protected":false},"excerpt":{"rendered":"

A jump in long-term U.S. Treasury yields to June levels sparked a fresh round of selling in stock markets and a firmer dollar. The easing of risk appetite also weighed on Bitcoin, which was approaching last week’s lows.<\/p>\n","protected":false},"author":1,"featured_media":50363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1211,26],"class_list":["post-50362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-stock-market","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50362"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50362\/revisions"}],"predecessor-version":[{"id":50364,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50362\/revisions\/50364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50363"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}