U.S. Treasury yields and bond-market volatility rose sharply, increasing pressure on equities, cryptocurrencies and highly indebted companies, although Bitcoin and equity volatility remained comparatively subdued. The 30-year Treasury yield reached 5.5%, reported as its highest level since 2004 and elsewhere as a 22-year high, while the 10-year yield reached 5.22%, its highest level since July 2007; an earlier reading put the 10-year yield briefly at 5.2% before it eased to 5.163%. Bitcoin traded at $83,631, down 1.44%, and Ethereum fell 0.23% to $2,685.58. The MOVE Index rose from about 80 to 104, although another report placed it above 130, and the VIX and Bitcoin implied-volatility index BVIV remained near year-to-date lows. Barclays said yields above 5% make bonds more competitive with equities, while Piper Sandler analyst Michael Kantrowitz identified higher rates as the biggest equity-market risk in 2026 and 2027. Selected altcoins gained, including Quant, Artificial Superintelligence Alliance, Ethena, NEAR Protocol and SUI, while crypto markets also absorbed regulatory, security and derivatives developments.