U.S. Treasury yields jump 6 to 8 bps amid shocking multi-billion outflows

An outflow of $3. 5 billion from stablecoins is associated with 3-month T-bill yields soaring by 6-8 bps, a BIS paper finds. source: https://www.thestreet.com/crypto/markets/u-s-treasury-yields-jump-6-8-bps-amid-shocking-multi-billion-outflows