According to The Kobeissi Letter, the latest US 20-year bond auction resulted in a 1.2 basis point tail, the largest recorded since December, as reported by ZeroHedge. The auction closed with a high yield of 5.047%, marking only the second time in history that the 20-year yield surpassed 5%. This sharp move signals increased risk aversion and tighter financial conditions in traditional markets. For crypto traders, such a jump in bond yields may trigger capital outflows from risk assets, including cryptocurrencies, as investors seek higher returns in fixed income. The heightened volatility in bond markets underscores the need for crypto market participants to monitor Treasury yield trends closely for potential short-term price swings. (Source: The Kobeissi Letter on Twitter, ZeroHedge)