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US Central Command struck targets inside Iran and IRGC forces, which Trump framed as retaliation for Iranian mining of the Strait of Hormuz and the attack on a US base in Jordan, and Brent jumped 4.60% to $94.65 a barrel as the IRGC announced counterstrikes. The supply-risk premium now runs straight into the rates channel: US Treasury 10-year yields sit at 4.80% even as manufacturing and labor data soften, a stagflationary mix that compresses equity multiples and weakens the usual bad-data-equals-rate-cut trade for BTC and ETH beta. Japan's 30-year JGB yield at a three-decade high adds a second tightening impulse via global term premium and yen carry unwind risk; the key watch item is whether Hormuz transit is actually disrupted, since a confirmed closure would push crude and breakevens higher and keep long-end yields pinned above 4.80%.
As a Macro signal, watch whether it changes price action, volatility, or flows around BZ=F, CL=F, BTC.
Original Source: 토큰포스트
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Japan's 10-Year JGB Yield Tops 3% for the First Time in Three Decades
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