US 10-Year Treasury Yield Hits 5.2%, UK 30-Year High at 5.38%

This is a repricing of sovereign risk, not a growth story, and it lands hardest on governments carrying heavy debt loads. The move matters for crypto and RWA markets because higher risk-free rates raise the opportunity cost of holding yield-bearing tokens and other real-asset instruments, while also pressuring the collateral values that underpin tokenized Treasury products. Whether long-end yields stabilize or keep climbing is the open question — and whether digital-asset yields can still compete is the second.