Japanese bond yields continue to rise, lifting their U.S. counterparts and posing a potential headwind for risk assets. Yields on 10-year Japanese government bonds have jumped to a 30-year high, raising borrowing costs across major developed markets and threatening bitcoin’s recent rebound. Rising global bond yields increase the opportunity cost of holding bitcoin, which offers no income, and could offset the boost from softer U.S. inflation risks and weaker-than-expected job growth. The bitcoi…
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