According to CoinMeta, Blackstone stated that the yield on 10-year U.S. Treasury bonds has exceeded 5% for the first time, which is the latest development since 2023. They believe this reflects the trend of rising borrowing costs for governments in the post-pandemic era. Increased capital competition and inflationary pressures stemming from limited energy and labor supply may continue to drive up bond yields. They argue that this creates some investment opportunities for the most discerning investors.