According to The Kobeissi Letter, the 30-year US Treasury note yield surged to 5.09% for the first time since November 2023, signaling a significant shift in the bond market landscape (source: @KobeissiLetter, May 21, 2025). With the Federal Reserve having raised interest rates four times in 2023, this yield level was last seen in July 2007. For crypto traders, rising long-term yields often increase market volatility and can pressure risk assets like Bitcoin and Ethereum, as higher yields may attract capital away from digital assets into safer government bonds. Monitoring this bond market movement is crucial for anticipating liquidity shifts and potential price reactions across the cryptocurrency market.