@UndyingValue 2 weeks ago
China accelerating US Treasury sell-off, 10-year yield moves higher
China accelerating US Treasury sell-off, 10-year yield moves higher
China is reportedly accelerating its move away from US Treasuries. State-linked banks are cutting exposure and shifting into gold. The 10-year yield pushed up to the 4.25% range on the news.
China's official holdings are down to $682.6B, the lowest level since 2008. The main drivers seem to be geopolitical risk and ongoing trade tensions.
For the market, higher yields usually mean pressure on risk assets like crypto and tech stocks in the short term. While this reinforces the long-term argument for non-sovereign assets like Bitcoin, the immediate impact is tighter financial conditions.
finance.yahoo.com
| China To Accelerate De-dollarization By Cutting US Treasury Exposure - A New Macro Tailwind For Crypto?
@MasonCarter10 2 weeks ago
This is classic risk-off behavior. Higher 10Y yields squeeze tech and crypto short term, even if the long-term case for alternatives like stays intact. Markets usually feel the pain first before the narrative catches up.
@AntonioMyers 2 weeks ago
i've been seeing more talk about gold as a hedge lately since treasuries are getting hit. it’s a pretty classic move when things get uncertain globally.
