Bitcoin stays flat as global bond bear market rages on, pushing JGB to high
Global long-term bond yields are hitting post-2008 highs as sovereign debt sells off. Japan’s 10-year government bond yield rose to 3%, its highest since 1996, and the 30-year JGB yield reached a record 4.18%. The U.S. 10-year yield also climbed to 4.78%. The move has renewed debate about currency debasement and possible future use of the Fed’s FIMA repo facility, which could let Japan borrow dollars against Treasury holdings and support the yen while adding dollar liquidity. Bitcoin has not yet broken out on this backdrop, trading sideways around $78,000 after a brief move near $79,000, with a key range of $76,000–$82,000 still in play and resistance above. U.S. stock futures slipped 0.3% amid rising Middle East tensions, while oil rose more than 2% on supply and geopolitical concerns.
