比特幣（BTC）的價格引起了人們的關注，因為美國10年期庫存收益率下降了4％

埃里萬（coinchapter.com） - 美國10年的財政收益率降至4％以下，這是自2024年10月以來的第一次。在對經濟不確定性，衰退的擔憂增加以及對美聯儲可能會更快降低利率的期望時，這種下降是在日益嚴重的關注期間。

The yield on the 10-year Treasury fell below 4% for the first time since October 2024 on Monday, as growing concerns over economic uncertainty and rising recession fears drove expectations of sooner-than-expected interest rate cuts by the Federal Reserve.

自2024年10月，週一的10年期財政部的收益率首次下降到4％以下，因為人們對經濟不確定性和衰退的不斷增長的擔憂越來越擔心，這引起了美聯儲降低的期望。

The financial platform Barchart posted data showing the drop in yield, which comes amid reduced demand for government bonds. Lower Treasury yields translate to less attractive returns on safer investments, potentially pushing some investors toward riskier assets like Bitcoin.

金融平台Barchart發布了數據顯示收益率下降的數據，這在對政府債券的需求減少之內導致。較低的財政收益率轉化為更安全的投資回報率較低，可能會將一些投資者推向像比特幣這樣的風險資產。

The 2-year Treasury yield also dropped sharply following new tariff announcements. This decrease suggests that the bond market anticipates an interest rate cut or a shift in monetary policy.

在新的關稅公告之後，為期2年的財政收益率也大幅下降。這種減少表明，債券市場預計降低利率或貨幣政策的轉變。

Bitcoin gains attention amid falling Treasury yields

比特幣在財政部產量下降的情況下引起了人們的注意

Lower yields on 10-year Treasuries usually make bonds less appealing. As bond returns decrease, some investors might shift capital to other assets. In past instances, Bitcoin has often attracted attention during similar times.

10年國庫的較低收益通常會使債券的吸引力降低。隨著債券回報的減少，一些投資者可能會將資本轉移到其他資產。在過去的情況下，比特幣經常在類似時期引起人們的注意。

Crypto analyst Dan Gambardello explained that falling yields diminish the incentive to keep money in government bonds.

加密分析師丹·甘巴德洛（Dan Gambardello）解釋說，下降的產量減少了將金錢保留在政府債券中的動機。

“Less reason to sit in ‘safe’ bonds = more reason to chase returns in risk assets like BTC and alts,” Gambardello noted on X, summarizing the sentiment.

Gambardello在X上指出：“坐在'安全'債券中的理由更少。

This view aligns with past market behavior. When real yields decline, investors tend to increase exposure to Bitcoin and other digital assets due to increased liquidity and potential returns.

這種觀點與過去的市場行為保持一致。當實際收益率下降時，由於流動性和潛在回報的增加，投資者傾向於增加對比特幣和其他數字資產的敞口。

Former BitMEX CEO Arthur Hayes also touched upon the situation, highlighting that the 2-year Treasury yield fell sharply following the recent Trump tariffs. This drop signals that the market expects rate cuts from the Federal Reserve.

Bitmex前首席執行官亞瑟·海斯（Arthur Hayes）也談到了這種情況，強調說，在最近的特朗普關稅之後，為期兩年的財政收益率急劇下降。該下降信號表明市場預計美聯儲降低了利率。

“The 2yr treasury yield dumped after Tariff announcement because the market is telling us the Fed will be cutting soon and possibly restarting QE to counter -ve economic impact,” Hayes wrote on X.

海斯在X上寫道：“在關稅公告後，2年的國庫產量傾倒了，因為市場告訴我們美聯儲將盡快減少，並可能重新啟動量化寬鬆以應對經濟影響。”

His statement connects the tariff decision with possible quantitative easing (QE). This policy involves the central bank adding money into the economy, which can increase liquidity in markets like crypto.

他的聲明將關稅決定與可能的定量寬鬆（QE）聯繫起來。該政策涉及中央銀行將資金添加到經濟中，這可以增加加密貨幣等市場的流動性。

Trump Tariffs Fuel Market Volatility

特朗普關稅燃料市場波動

The yield decline follows new tariffs introduced under Donald Trump’s economic strategy. These tariffs have raised concerns about slowing global trade. Investors moved funds into US bonds, pushing bond prices up and yields down in response.

收益率下降是在唐納德·特朗普（Donald Trump）的經濟戰略下提出的新關稅之後。這些關稅引起了人們對減緩全球貿易的擔憂。投資者將資金轉移到了美國債券中，將債券價格推高並響應下降。

During his first term, Trump frequently called for a weaker dollar and lower interest rates, urging the Federal Reserve to cut interest rates to support US exports and spur economic growth.

在他的第一任期中，特朗普經常要求較弱的美元和較低的利率，敦促美聯儲降低利率以支持美國出口和刺激經濟增長。

Kristoffer Kepin, a market analyst, observed that the M2 money supply is increasing, which could lead to more liquidity entering the markets, including Bitcoin and other digital assets.

市場分析師克里斯托弗·凱平（Kristoffer Kepin）觀察到，M2貨幣供應正在增加，這可能會導致更多流動性進入市場，包括比特幣和其他數字資產。

Major financial firms still favor traditional safe havens over Bitcoin. Goldman Sachs recommended the Japanese yen and gold as more reliable options during economic uncertainty.

主要金融公司仍然贊成傳統的避風港而不是比特幣。高盛將日元和黃金推薦為經濟不確定性期間更可靠的選擇。

“The yen offers investors the best currency hedge should the chances of a US recession increase,” said Kamakshya Trivedi, the bank’s head of global markets strategy, in remarks to Bloomberg on Monday.

週一，該銀行全球市場策略負責人Kamakshya Trivedi說：“日元為投資者提供了最佳的貨幣對沖。”

Notably, Bank of America’s latest survey of fund managers showed that 58% favored gold in trade conflict scenarios, while only 3% preferred Bitcoin, indicating continued caution around digital assets during global market stress.

值得注意的是，美國銀行對基金經理的最新調查顯示，在貿易衝突情景中，有58％的人喜歡黃金，而只有3％的比特幣首選，這表明在全球市場壓力期間，數字資產周圍的數字資產持續謹慎。