U.S. Treasury yields were mixed, with the long end of the curve rising as the 30-year yield hit a 22-year high while the 10-year yield held around 5.20% after peaking at 5.228%, a 19-year high. USD/CNY rebounded after briefly dipping below 6.70 as higher U.S. Treasury yields combined with a modest easing in PBoC control of the currency, while USD/CHF held near 0.8285 and remained on track for a fourth straight weekly gain. NEAR climbed above $5, extending a sharp multi-week rally and taking its year-to-date gain to 240% as progress on a proposed Bitwise ETF added to momentum around the network. U.S. Treasury yields stayed elevated through the reporting period, with the long end of the curve under particular pressure.
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