US 5-Year Treasury Yield Surges to 20-Month High, Stocks and Bitcoin at Risk

The US 5-Year Treasury Yield has reached its highest level in 20 months, climbing to 4.568%. The increase is largely attributed to rising oil prices and persistent inflation concerns.

Oil prices have surged above $90 per barrel due to renewed U.S.-Iran fighting and attacks on two Saudi oil tankers, exacerbating supply chain fears.

The higher Treasury yields are expected to keep borrowing costs elevated and attract capital away from stocks and Bitcoin, increasing their opportunity cost.