🚨🇺🇸TREASURY YIELD SHOCKS MARKETS
Widening Spreads Spark Crypto Jitters
🔹Long-term U.S. Treasury yields spiked Apr 9, with 10Y–2Y and 30Y–2Y spreads hitting 2022 highs
🔹Carry trade risks rise as yen strengthens, hinting at unwind pressure
🔹Apr 8: 3Y auction saw weak demand; Apr 9: 10Y drew strong bids. 30Y auction eyed next
🔹Trump pause tariffs 90 days, sparking risk asset rebound
🔹Bitcoin stays resilient: 14-day beta to Nasdaq down to 0.26 vs 3Y avg of 0.72
🔹China eyes $300B stock market support; global liquidity tailwinds may help crypto
