According to The Kobeissi Letter, the US 10-year Treasury yield climbed 6 basis points shortly after US Treasury Secretary Bessent discussed trade 'deals' on Fox News, following market declines triggered by President Trump's announcement of a 50% tariff on EU goods and a 25% tariff on Apple products. This sharp movement in yields signals heightened risk sentiment and immediate investor reaction to escalating trade tensions. Crypto traders should note that increased yield volatility often correlates with greater Bitcoin and altcoin market movements as investors seek alternatives to traditional assets (source: The Kobeissi Letter).

According to The Kobeissi Letter, the US 10-year Treasury Note yield surged by 6 basis points following US Treasury Secretary Bessent's remarks about trade 'deals' on Fox News, which came immediately after markets reacted negatively to former President Trump's announcement of a 50% tariff on EU goods and a 25% tariff on Apple products (source: @KobeissiLetter, May 23, 2025). Rising bond yields typically signal risk-off sentiment in traditional markets, increasing volatility and potentially driving inflows into cryptocurrencies as alternative assets. Traders should monitor yield movements and tariff news for near-term crypto price action, as heightened uncertainty could impact Bitcoin and altcoin volatility.