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UK 30-year gilt yields jumped 7.59bp to 5.8587% and hit 5.9185% intraday, the highest since 1998, while the 10-year rose 7.29bp to 5.1425% and the 2-year gained 5.44bp to 4.4629%. The bear-steepening in the long end is a global term-premium signal rather than a purely local story: rising sovereign duration risk pressures US Treasury 30-year yields, weighs on long-duration equities and NASDAQ multiples, and tightens the liquidity backdrop for high-beta assets including BTC and ETH. Watch whether gilt selling spills into UST auctions and the Bank of England's inflation and QT commentary; sustained 30-year yields above 5.9% would raise the risk of a broad cross-asset risk-off, while a swift retracement would keep the move contained to the UK.
As a Macro signal, confirm the link to liquidity, rates, policy timing, and price reaction before drawing a trading conclusion.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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