BlockBeats news, on October 22, according to BIT (bit.com) market data, the U.S. 10-year Treasury yield fell below 5% for the first time since September 23, declining 14.97 basis points on the day.
This week’s drop below 5% was primarily driven by risk-off buying fueled by selling pressure in technology and AI-related stocks, as the traditional stock-bond trade-off effect reemerged. Yields had previously surged to multi-year highs due to persistent inflation and fiscal supply factors, but have recently seen a temporary pullback as risk appetite cooled. Although declining long-term rates help ease financing costs and valuation pressures, absolute levels remain elevated, and the downward movement stems from weakening risk assets rather than clear signals of economic growth or policy shifts—making this a short-term neutral to cautious signal for risk assets like cryptocurrencies.