US 10-year Treasury yield tops 1.7%

[alchemister]

The 10-year U.S. Treasury yield jumped above 1.7%
How does it affect BTC

[jackg]

It COULD mean the US are struggling to find investors though? I thought China sold quite a large amount of their bond holdings with the US gov (assuming that was the same thing).

1.7% is still generally break even. They might see demand at that price but I imagine people expect to do better with other investments (like private companies and cryptocurrencies) at this stage...

This probably only affects companies and country's that want to or need to use bonds as form of payment.

[alchemister]

It COULD mean the US are struggling to find investors though? I thought China sold quite a large amount of their bond holdings with the US gov (assuming that was the same thing).

1.7% is still generally break even. They might see demand at that price but I imagine people expect to do better with other investments (like private companies and cryptocurrencies) at this stage...

This probably only affects companies and country's that want to or need to use bonds as form of payment.

BTC price has risen
It seems that there was no adverse effect

[alchemister]

The price went up once but went down again
Both Nasdaq and BTC

[odolvlobo]

People with excess cash have more incentive to buy bonds, which means less incentive to buy bitcoins. I don't think the effect is substantial.

[palle11]

I think that means more investment in treasury and and be a reason for the jump. I'm not sure there was dumping of btc because t is still up there. It could be independent investment and if that is so, bitcoin is safe.

[alchemister]

Philadelphia shock