U.S. 10-Year Treasury Yields Break 4.5% on May 19 as 30-Year Bonds Return Above 5%

According to BlockBeats, U.S. 10-year Treasury yields broke through 4.5% on May 19, while 30-year yields returned above 5%, prompting Morgan Stanley to warn the market has entered a risk zone that could trigger significant U.S. equity pullbacks. The global market’s core concern has shifted from inflation to sovereign bond repricing, with rising long-term rates potentially amplifying if high oil prices, geopolitical risks, and fiscal deficits persist simultaneously.

Japan’s 30-year Government Bond yields continue hitting historic highs, while officials warned of potential yen intervention if the currency approaches 160. In crypto markets, Bitcoin maintained a 76,000 to 78,000 trading range, with liquidation heatmaps showing concentrated sell-side liquidity near 78,000 and buyer support around 75,500.