Treasury yields near 24-year high as Pimco warns of 6%

Crypto Insight Summary: The US 10-year Treasury yield hovered near 5.29% on Friday, just below its recent 5.34% peak. That was its highest level since April 2002, when it reached 5.36% on April 2, according to Federal Reserve data. Pimco’s chief investment officer Dan Ivascyn says 6% is a possibility, which raises fears of high borrowing rates, stocks... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Rising Treasury yields signal tighter liquidity, reducing risk appetite for crypto.