High bond yields indicate interest rates are rising sharply

High bond yields indicate that interest rates are rising sharply, and that some institutional investors are doubtful about crypto's long-term prospects, one investor said.

The yield on Coinbase debt has surged to a record high in the wake of FTX's collapse. (Finra-Morningstar) (Finra-Morningstar)
The yield on Coinbase debt has surged to a record high in the wake of FTX's collapse. This is good news for Coinbase, as it indicates that investors are confident in the company's ability to repay its debt.