The 10-year Treasury yield traded nearly flat at 5.239% Friday after reaching 5.344% on Thursday, its highest level since 2002, according to LSEG data. The rise in borrowing costs has renewed focus on Bitcoin as a potential hedge against dollar debasement, while 21Shares’ Stephen Coltman said the Federal Reserve may ultimately tolerate higher inflation to preserve orderly government bond markets. The 30-year Treasury yield also reached a 24-year high of 5.63%, increasing pressure on U.S. debt-service costs.