Specifically, the surging inflation-adjusted and nominal government bond yields in the U.S. and worldwide could complicate matters for risk assets, including bitcoin and traditional store of value assets like gold. According to the St. Louis Bank of Federal Reserve, the U.S. 10-year real or inflation-adjusted Treasury yield has risen to -0.38% this week, the highest since early June 2020. While the yield remains negative, it has seen a near-90 degree rise of 66 basis points in four weeks.
