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The US 10-year Treasury yield briefly topped 4.8% on Feb 2, its highest since 2023, as long-end yields rose in tandem across major sovereign markets. A move through 5% would raise the relative pull of bonds versus equities and lift corporate and household borrowing costs, the channel through which rate risk migrates into credit risk and compresses valuations for long-duration equities and high-beta crypto. Watch the next oil print and US payrolls: firmer energy prices or resilient hiring would keep term premium building, while a soft labor reading is the most direct trigger for yields to back off and risk appetite to recover.
As a Macro signal, watch whether it changes price action, volatility, or flows around IXIC, BTC, CL=F.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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