According to The Kobeissi Letter, US Treasury yields have surged to levels not seen since President Trump paused tariffs for 90 days in 2018. Despite recent trade agreements, yields remain elevated, signaling persistent inflationary pressures and tighter financial conditions (source: The Kobeissi Letter, May 14, 2025). This environment historically leads to increased risk-off sentiment, which can result in capital flowing out of risk assets like cryptocurrencies. Crypto traders should monitor yield trends closely, as sustained high yields could trigger further downside volatility in digital asset prices.