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Japan's 10-year JGB yield broke above 3% for the first time since September 1996, while the US 10-year traded past 4.81% intraday, its highest since November 2023, with UK gilt and Bund long yields also near multi-decade highs. Simultaneous duration repricing in the two largest funding markets lifts the global discount rate and revives yen carry-unwind risk, pulling Bitcoin back from the $80,000 level regained last week to the $77,000 area and pressuring long-duration equity beta such as NASDAQ growth names. Watch whether BOJ officials push back on the 3% level and whether spot BTC ETF flows stay net positive through the yield spike; sustained outflows plus a firmer yen would confirm the move is a funding-cost shock rather than a one-day rates tantrum.
As a Macro signal, watch whether it changes price action, volatility, or flows around BTC, JPY=X, IXIC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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