TREE NEWS reports: Producer prices stayed hot on Thursday morning, sending gold, the Nasdaq-100 and bitcoin each down more than 1%. The 30-year Treasury yield closed at 5.37%, its highest close since the Treasury resumed selling the bond in 2006. Three of those four assets are supposed to move that way on a hot inflation print.
Bitcoin, Gold and Nasdaq-100 Each Fall Over 1% as 30-Year Treasury Yield Hits 5.37%
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AI take
The notable signal is that bitcoin traded with gold and the Nasdaq-100 rather than against them, reinforcing its current sensitivity to the rate and inflation channel. The 30-year yield's highest close since the bond's 2006 reintroduction matters because long-end borrowing costs feed directly into the discount rates applied across risk assets. The open question is whether bitcoin keeps behaving as a duration-sensitive asset in sessions like this, or whether the correlation proves episodic.
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