Dollar Index Breaks Above 101 as 10-Year Treasury Yield Tops 5%
The dollar rose 0.47% intraday, while the 10-year Treasury yield climbed 5.81 basis points to 5.025%, increasing pressure on crypto and other risk assets.
The dollar index moved above 101 on Sept. 23 as the 10-year U.S. Treasury yield climbed back above 5%, adding pressure to crypto and other risk-sensitive assets.
The DXY rose 0.47% intraday, marking its first move above 101 since July 30. The advance came alongside a broader rise in U.S. Treasury yields.
The 10-year Treasury yield increased 5.81 basis points to 5.025%, returning above the psychologically important 5% threshold. Higher yields can make cash and government debt more attractive relative to risk assets, while a stronger dollar can add further pressure to markets priced in dollars.
