On January 7, 2026, news reports that the US Treasury bond market reacted mildly to US intervention in Venezuela, with traders paying more attention to the December 2025 non-farm payroll report released on Friday and the Supreme Court's ruling on the legality of Trump's global tariffs.

Currently, the 10-2 year US bond yield spread has reached a nearly 9-month high, reflecting market bets on a Fed rate cut in 2026.
Non-farm payroll data will influence interest rate expectations, thereby affecting cryptocurrency asset prices; the inflation-growth contradiction caused by tariff rulings will also impact the crypto market through liquidity changes.
Geopolitical events are seen as noise due to the difficulty in changing the global liquidity trend, with macroeconomic data and policy rulings becoming the core focus of the market.