U.S. Treasury yields approach 5%: The era of risk assets is imminent

ZkSnarker · 2026-01-23T05:58:12+00:00

Recently, Citadel's leader Kenneth Griffin warned that the Japanese bond yields have hit a record high, and pointed out that U.S. bond yields are approaching 5%. This indicates a change in the role of bonds as a risk hedging tool, which could lead to a double decline in stocks and bonds. Market doubts about the U.S. credit rating may push up financing costs, affecting the overall investment environment, especially the risk appetite in the crypto market.

ZkSnarker

2026-01-23 05:58:12

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【Blockchain Rhythm】Recently, there is a noteworthy signal. Hedge fund giant Citadel’s leader Kenneth Griffin issued a warning at Davos — the record high in Japanese government bond yields has sounded an alarm. Meanwhile, U.S. Treasury yields are approaching the 5% threshold.

What does this mean? In simple terms, when bond yields are roughly equal to stock returns, the traditional asset allocation logic collapses. Bonds, which were once considered the “stabilizer” in a portfolio, are now turning into high-risk assets. Investors seeking to hedge risks with bonds are now exposed to greater risks.

Griffin’s particular insight is especially interesting: once the market begins to doubt the U.S. credit rating, U.S. bonds will shift from “safe assets” to “risky assets.” At that point, a double decline in stocks and bonds will occur. The bond market will demand higher yields to compensate for risk, further pushing up mortgage rates, and ultimately increasing overall financing costs.

The U.S. is not yet at the “urgent” stage, but policymakers’ response window is rapidly closing. For the crypto market, this macro environment shift means a fundamental change in risk appetite, which is definitely worth paying attention to.

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FOMOSapien

· 01-26 04:23

The 5% US debt is really coming, the era of bonds as "stabilizers" is coming to an end.

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IfIWereOnChain

· 01-25 21:13

Bonds are unstable, so are we crypto folks about to be happy? The moment of traditional financial collapse is here. If both stocks and bonds are hit hard, will crypto assets be the last lifeline? But honestly, warnings from big players like Griffin are always lagging. The 5% yield on US bonds is already a signal. What are you waiting for to allocate to BTC now? The traditional asset allocation logic has completely broken down, and risk assets are about to turn the world upside down. That's why I’ve gone all in. Anyway, bonds can't protect you.

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degenwhisperer

· 01-23 06:28

Bonds are no longer safe? Then I might as well go all in on the crypto world.

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OnchainHolmes

· 01-23 06:27

U.S. Treasury yields approaching 5%—is a change really coming? Bonds are no longer a safe haven. The seasoned investors will have to rethink their asset allocation.

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DAOdreamer

· 01-23 06:27

Bond failure? Now that's really exciting; asset allocation needs to be completely reshuffled.

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LiquidationAlert

· 01-23 06:22

Bonds are no longer a safe haven, this time it's really different --- Griffin is right, once the 5% threshold on US bonds is broken, the traditional allocation logic really needs to be rewritten --- Stock and bond prices both falling? What should I do with my bond funds, it's uncomfortable --- So should I hold cash or go all in on risk assets now? Looking for a clear signal --- The day US credit collapses, the entire market will have to be reshuffled --- If Japanese bonds are like this, it's hard to say how long US bonds can last --- These days, even bonds are considered high-risk assets, what else is "safe"? --- It can only be said that the market logic is reversing, and those quick enough should take action

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GasFeeSurvivor

· 01-23 06:01

Bonds are no longer a safe haven; players will have to reshuffle now. --- 5% US debt? Bro, are you telling us that traditional investments are about to cool off? --- Wait, bond yields are catching up with stocks? Then why should I hold bonds? Just go all-in on risk assets. --- A double kill has arrived; Griffin's warning this time is like a thunderbolt to shake the mountain. --- The golden rule of asset allocation needs to be rewritten; this is not a simple matter. --- US bonds turning into risk assets? Those institutions bottom-fishing US bonds are in trouble now. --- To put it simply, the safety margin is getting thinner and thinner; there is no absolute safe haven. --- Once the 5% threshold is broken, the chain reaction that follows will be terrifying.

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