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TechFlow, May 20 — Bloomberg senior analyst Mike McGlone posted on social media today indicating that the yield on 30-year U.S. Treasury bonds breaking above 5% may signal investors are selling U.S. assets, a trend that could create headwinds for equities and highly speculative cryptocurrencies while benefiting gold.
Bloomberg senior analyst Mike McGlone posted on social media that the 30-year U.S. Treasury yield breaking above 5% may indicate investors are selling U.S. assets, a trend that could weigh on stocks and highly speculative cryptocurrencies while benefiting gold.
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