Mike McGlone|Oct 26, 2026 11:25
Deflating Bitcoin, Gold May Guide T-Bond Yields
The 2026 juxtaposition of the rising US Treasury 30-year yield vs. falling gold and Bitcoin may be resolved in favor of T-bonds. My graphic features the widening crocodile-jaws pattern of the T-bond at 5.32% on Oct. 23 -- an increase of about 50 bps this year -- and roughly 8% declines in Bitcoin and gold. Rising inflation is pushing up bond yields, but Bitcoin and gold declines could be indicating greater deflationary forces.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tnihbur24u8j {BI COMD}
#Bitcoin #gold #bonds @BBGIntelligence
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