Peter Brandt Sees 30-Year Yield at 7%. Would Bitcoin and Stocks Survive?

Veteran trader Peter Brandt says the 30-year yield has ended its pullback and could climb to 6.5% to 7%. He calls a drop below 5% unlikely. The yield on 30-year US Treasury bonds sat near 5.35% on Tuesday, below its October high of about 5.67%. Brandt’s target could lift mortgage rates and raise the bar for Bitcoin (BTC) and stocks. Why Did the 30-Year Yield Bounce From 5.22%? Brandt said the yield bottomed at 5.22% during the retreat from its October high. That leaves the bounce at about 0.13 percentage point. The 30-year yield rose from 4.83% at the end of June to above 5.3% by August. A hotter-than-expected October inflation report drove Tuesday’s move, CNBC reported. The 10-year yield briefly topped 5% as well.

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