U.S. Major Indices Decline as 30-Year Treasury Yield Exceeds 5.30%

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On-chain data shows that U.S. major indices declined on September 9 as 30-year Treasury yields rose above 5.30%. The 10-year yield surpassed 4.85%, the dollar index strengthened, and gold prices dropped. The U.S. Treasury plans to purchase up to $60 billion in long-term bonds, doubling the previous cap of $40 billion before November 4. On-chain analysis indicates increased market sensitivity to bond yields and dollar strength.

BlockBeats news, on September 9, according to BIT (bit.com) market data, the three major U.S. stock indices declined, the U.S. 10-year Treasury yield rose above 4.85%, the U.S. 30-year Treasury yield surpassed 5.30%, the U.S. Dollar Index surged sharply, and spot gold dropped sharply.


On the news front, the U.S. Department of the Treasury announced it will repurchase up to $6 billion in long-term bonds on Thursday. Previously, the Treasury stated that single long-term bond repurchases would be at least doubled to $4 billion before November 4.

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