According to The Kobeissi Letter, the latest US 20-year bond auction resulted in a 1.2 basis point tail, the largest since December, as reported by ZeroHedge. The high yield reached 5.047%, making it only the second time in history that a 20-year Treasury auction has cleared above 5%. This sudden and significant tail highlights persistent demand concerns and signals heightened risk sentiment in the broader bond market. For cryptocurrency traders, such a sharp rise in Treasury yields typically pressures risk assets and increases volatility in digital asset markets as liquidity conditions tighten. Source: The Kobeissi Letter via Twitter.

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)

According to The Kobeissi Letter, as cited by ZeroHedge, the ADP Employment Report showed the US economy added just 62,000 jobs in April 2025, marking the lowest figure since July 2024. This weaker-than-expected jobs number caused US Treasury yields to sell off immediately, reflecting trader anticipation of slower economic growth and potential shifts in monetary policy. For crypto traders, softer employment data can signal increased risk aversion and a possible shift in capital flows, potentially affecting digital asset valuations and market volatility (source: The Kobeissi Letter via ZeroHedge, April 30, 2025).

According to The Kobeissi Letter, the North American High Yield Credit Default Swap Index has surged 377 points, reaching the highest level since the August 2024 sell-off, as reported by ZeroHedge. This index monitors the 100 most liquid North American companies with high-yield credit ratings, indicating increased market concern over potential credit events.

According to The Kobeissi Letter, the US is facing an impending debt ceiling crisis as total debt approaches the $37 trillion cap, as reported by ZeroHedge. This situation could significantly impact financial markets, including cryptocurrency trading, due to potential shifts in investor sentiment and liquidity as the deadline approaches.

According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January, as reported by ZeroHedge, marking a second consecutive month of sharp increases. This figure is double the amount seen during the 2020 pandemic, indicating heightened investor concern and a flight to gold, which is often seen as a safe haven during economic downturns. These trends suggest that gold is trading as if the economy is in a depression.

According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January, as reported by ZeroHedge. This marks a significant trading uptick, with imports doubling the amount seen during the 2020 pandemic. Such data indicates a substantial market shift, suggesting that gold is being traded as if the economy is in a depression.

According to The Kobeissi Letter, total US put option volume has reached its highest level on record, as reported by ZeroHedge. This indicates that short sellers are aggressively positioning themselves, potentially anticipating a market downturn.

According to The Kobeissi Letter, citing Zerohedge, initial jobless claims in Washington DC have surged over 200% Year-to-Date (YTD), while Texas has seen an increase of approximately 140% during the same period. This contrasts with the majority of other states, which have experienced a decline in unemployment claims. This data highlights potential economic distress in these areas, which could affect local economic stability and labor market conditions, influencing investment decisions.