Market News / Story
Bitcoin Slide Meets 5.7% Bond Yields: Neoclouds Get Hit From Both Sides
Benzinga ·
Benzinga reports: The former Bitcoin miners that rebuilt themselves as AI data-center landlords are getting squeezed from two sides Thursday. Bitcoin is sliding again, and long-term borrowing costs keep climbing for a group that funds its buildouts with debt. Shares of Cipher Digital Inc. , Riot Platforms Inc. , CleanSpark Inc. , IREN Ltd. , TeraWulf Inc. , Nebius Group N.V. and Applied Digital Corp. all traded lower in the morning session. Most sit roughly 50% or more below their 52-week…
Related stories
Higher bond yields are raising the bar for stocks: Stan WongRead story summary
For much of this year, “higher for longer” was a warning. Now it is a market reality. With the U.S. 10-year Treasury yield above 5.25 per cent and touching a two-decade high, borrowing costs are becoming harder for markets to ignore. Bonds also compete more directly with equities for investor capital. The implications for equity valuations are significant. ...
VIEW SOURCE
US dollar holds near 18-month high, euro lags as bond yields riseRead story summary
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
VIEW SOURCE