U.S. 10-year Treasury yield rises to 4% for first time since March

The 10-year U.S. Treasury yield reversed its trend last night and began to decline. It is said that U.S. hedge funds began to collectively turn to shorting the U.S. dollar.

If the 10-year U.S. Treasury yield continues to decline, the global risk asset market will have a good time, especially the crypto market which is highly sensitive to risks.

The 10-year U.S. Treasury yield is the opportunity cost of global hedge fund investment and the real interest rate in the U.S. financial market. Its downward trend is equivalent to a rate cut.