Eurozone Bonds Join Global Selloff, Yields Hit Multi-Year Highs

The notable part is correlation, not direction: eurozone sovereigns are now moving with the same inflation-and-policy anxiety already visible across global rates, which narrows the room for crypto to trade on its own narrative. For RWA and tokenized-treasury products, the transmission channel is direct — higher sovereign yields reset the baseline return that on-chain yield instruments must beat. Whether this repricing broadens into credit or stays confined to government curves is the open question worth watching.