Credit spreads have widened to their highest levels since August 2024, a time when bitcoin experienced a 33% drop. The ratio of the iShares 37 Year Treasury Bond ETF (IEI) to the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has spiked sharply. This IEI/HYG ratio, used as a proxy for credit spreads, reached its highest point since the Silicon Valley Bank crisis in March 2023. During that crisis, bitcoin hit a local bottom just below $20,000. Historically, bitcoin and other risk assets tend to decline when credit spreads expand rapidly. The current surge in credit spreads raises questions about whether it has peaked or if further declines in bitcoin are imminent. If credit spreads continue to rise, it could indicate increasing stress in financial markets, potentially leading to more trouble for risk-on investments.
灵台智库 | AI & 美股资讯
@heavenlypulse
·
3m Bond market stress flashing warning signs for [ $BTC ] – credit spreads at highest since Aug 2023 when bitcoin dropped 33% during yen carry trade unwind
IEI/HYG ratio spiking hard, biggest move since SVB crisis. historically this = trouble for risk assets but…
interesting
Jesse Myers (Croesus )
@Croesus_BTC
·
Mar 24 Strategy’s new $STRK and $STRF vehicles will help Saylor source $3T of capital to buy #Bitcoin
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Here’s what you should know…
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@titcoinpodcast
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@Croesus_BTC
Figure Markets
@FigureMarkets
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Spree Finance
@spreefinance
·
Mar 24 What if stablecoins are the room-temperature superconductors of finance?
In this clip,
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