Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs

ONDO returned 22.20 percent over the 24 hours ending Thursday, according to CoinGecko data. The token reclaimed the $0.50 level for the first time since December 2025. This happened on the same day the US 10-year Treasury yield climbed to 5.18 percent. TradingView data shows this is the highest yield since July 2007.

The rise in tokenized real-world assets coincided with the launch of Ondo Intelligent Portfolios on Ethereum and BNB Chain. The offering includes three tokens: BLKHIon, BLKDIGon, and BLKGRWon. These track model portfolio strategies developed by BlackRock. Settlement runs through CoW Protocol.

In a post on X, Ondo stated the launch gives non-US investors in permitted jurisdictions access to these onchain portfolios via the wallets and exchanges they already use.

The price strength occurred despite the recent failure of the CLARITY Act to pass a procedural vote in the US Senate, according to CoinTelegraph. Higher bond yields can weigh on non-yielding assets like Bitcoin, yet BTC has extended its August rally. The next CPI release is scheduled for October 14, 2026, according to the Bureau of Labor Statistics. The Federal Reserve’s rate decision follows on October 28, 2026.