Bond Yields Reach Multi-Decade Highs, Gold and Bitcoin Suffer

Markets are experiencing significant pressure as U.S. bond yields test levels last seen in 2004 and 2007, causing gold to dip below its three-month uptrend. Bitcoin has also pulled back from a nine-month high, with risks building due to Fed rate-hike expectations above 70% and the Dollar Index near yearly highs.

The key resistance zones on the Treasury-yield charts are 5.30% for the 10-year yield and 5.60% for the 30-year yield. These levels could determine whether yields continue higher or experience a significant reversal, which would be critical for market risk sentiment and precious-metals trends.

Bitcoin's daily momentum is retesting overbought conditions, while rising bond yields and renewed rate-hike expectations are increasing market caution. This combination highlights short-term pullback risks, with Fibonacci retracement levels of the June, September advance indicating potential dip-buying zones.