30Y Yields Hit 5.11%, Bitcoin Tumbles as Bond Rout Unnerves Equities

Global overnight action was dominated by a widening bond selloff. US 30-year Treasury yields have breached 5.11%, levels last seen in 2007, as pension funds and balanced 60-40 portfolios reassess allocation frameworks. The spike reflects mounting inflationThe rate at which prices rise across an economy. fears and has pressured equities across Asia and Europe, with semiconductor stocks like NVIDIA extending declines. Meanwhile, crude oil has climbed toward $110 per barrel as US-Iran naval tensions tighten at the Strait of Hormuz, with the Novorossiysk Black Sea port restarting and shipping traffic signaling elevated geopolitical premium in energy. The NextEra-Dominion mega-deal, valued at $67 billion, underscores the race for grid capacity to support AI data-center buildout amid power demand acceleration.\n\nUS index futures are sliding as 10-year Treasury yields climb above 4.6%. Semiconductor weakness has spilled into premarket trading, with NVIDIA and AMD under pressure. Bitcoin has crashed from $82K to $76K in recent days, triggering a $527M liquidation wave as macro uncertainty and carryIncome earned from holding a position over time.-trade risk intensify. Support at $78K is being tested. Positive traction in crypto came from the Senate CLARITY Act advancing 15-9 in Banking Committee, which triggered $60M weekly inflows into XRP ETFs, a record. However, the macro headwind from bond yields and inflation fears is outweighing regulatory tailwinds for risk assets.\n\nNo major US economic data releases are scheduled for premarket, allowing the bond selloff and geopolitical risk premium to dominate the narrative into the open. The heat advisory across the New York and US Northeast is expected to strain regional power grids, adding to energy infrastructure stress and elevating utility and energy costs during peak-demand hours.\n\nEarnings season continues, with various firms reporting, but the macro backdrop dominates sentiment. UBS research validated multi-year AI capex acceleration by forecasting Broadcom will ship 6.76 million TPU units in 2027, nearly double 2026 estimates. However, the projection also suggests semiconductor valuations have already priced in significant capex growth, leaving little room for upside surprises.\n\nThe US dollar has firmed as rate differentials widen, with 10-year yields accelerating higher. Bitcoin weakness, driven by both macro volatility and carry-trade unwind, signals risk-off sentiment in digital assets. Energy importers face mounting margin pressure from elevated crude and natural gas prices, while the broader asset class correlations are tightening as durationBond price sensitivity to interest rate changes. risk dominates.\n\nThe desk is braced for a choppy open. The 30-year yield break above 5.11% signals a structural repricing of real rates and inflation expectations, which pressures growth equities and duration-heavy portfolios. The $527M Bitcoin liquidation wave and failure to hold $78K support raises the risk of a cascade into the low $70Ks if sentiment deteriorates further. Watch for any ECB or geopolitical headlines that could accelerate bond yields further; a hold of S&P 500 support in the 5,800-5,850 zone will be critical to define the day's floor.