BMO’s Earl Davis: 30-year Treasury yield hitting 6% is ‘inevitable’

The significance lies less in the specific level than in the framing: a 6% long-bond yield treated as a matter of when, not if, marks a shift in how the sell-side talks about the long end. That repricing matters most for duration-sensitive assets, including crypto and tokenized real-world assets that trade as long-duration risk. The mechanism Davis flags — volatility feeding a self-reinforcing yield loop — is the part worth watching, since it implies the move could overshoot fundamentals. Whether that loop actually engages, or rates stabilize first, is the open question.