#USTreasuryHits19YrHigh Treasury Yield Shock: The US 30-year yield surged near 5.20% (the highest since 2007), significantly raising global borrowing costs and pressuring corporate margins.Geopolitics & Inflation: Unresolved tensions involving Iran and the Strait of Hormuz are driving up oil prices, sparking fears of renewed "cost-push" inflation and disrupting central bank targets.Fed Policy Shift: The market narrative has flipped from rate cuts to impending hikes. Rate swaps now indicate an over 80% probability of at least one more Fed rate hike by year-end.Market Impact: A stronger USD and >5% risk-free yields drastically increase the opportunity cost of holding non-yielding or speculative assets. This tightening liquidity acts as a major headwind, driving heavy sell-offs in both Gold and Bitcoin.