The US 30-year Treasury yield closed at 5.14%, its highest since July 2007, creating headwinds for crypto and risk assets as the risk-free rate climbs.

U.S. Treasury 30-year bond clears above 5% for first time since 2007 as weak auction demand pushes yields higher across all maturities.

US 30-year Treasury yields hit 5.02% as inflation fears mount, squeezing risk assets including crypto. Here's what it means for investors and DeFi markets.