Global markets traded mixed Friday, after a bond selloff pushed US Treasury yields to multi-year highs through the week. Asian equities fell, while Eurozone and Japanese government bond yields edged lower to end the week.

FRED data recorded the 10Y-2Y Treasury Spread at 0.36% on September 25, up from 0.31% one day prior. Rising inflation concerns have supported the move higher in yields, while also strengthening the dollar.

Polymarket data shows odds that the 10-year Treasury yield will hit 5.2% before 2027 rose 15 points to 92% on September 24, on $136,091 of volume.

Higher Treasury yields raise the opportunity cost of holding Bitcoin, creating downward price pressure for crypto assets. All Polymarket markets for near-term Bitcoin price targets fell sharply the same day.