Bitcoin Faces Highest Global Bond Yields Since Its Birth

MacroDigital Finance

โดย BeInCrypto·

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Summary · why it matters

Global bond yields have reached levels last seen in July 2008, before Bitcoin existed, and the cryptocurrency is not benefiting. A Bloomberg gauge of long-dated government debt hit its highest yield since July 2008 in May, while Bitcoin has fallen 46% over the past year compared with gold's 32% rise. UK 10-year gilts pay 5.05%, Germany sits at 3.21%, and Japan pays 2.88% after decades near zero. The US 10-year real yield reached 2.41% on August 14, meaning investors can now beat inflation with government debt and take almost no risk, while Bitcoin pays nothing. Barclays strategist Patrick Coffey attributed the move to fiscal realities, persistent inflation risks, and political uncertainty.

Germany Government Bond 10Y ▲UK Government Bond 10Y ▲Japan Government Bond 10Y ▲United States Government Bond 10Y ▲

Impact on stocks 4

Others▲ · 4 stocks

％Germany Government Bond 10Y

▲ PositiveMonetaryrelevance

German 10-year yield at 3.21% reflects higher global bond yields, benefiting bond investors.

％UK Government Bond 10Y

▲ PositiveMonetaryrelevance

UK 10-year gilts pay 5.05%, reflecting higher yields, positive for bond investors.

％Japan Government Bond 10Y

▲ PositiveMonetaryrelevance

Japan's 10-year yield at 2.88% after decades near zero indicates rising yields, positive for bond investors.

％United States Government Bond 10Y

▲ PositiveMonetaryrelevance

US 10-year real yield reached 2.41%, allowing investors to beat inflation with government debt, positive for bond investors.