US 10-Year Treasury Yield Hits 5.342%, Highest Since 2002
- —US 10-year Treasury yield reached 5.342%, the highest since early 2002
- —30-year Treasury yield traded around 5.64%
- —Core PCE inflation rose 3% year over year in August, down from 3.3%
- —October Fed rate-hike odds fell to 37–38% from over 45%
Why it matters: Record Treasury yields pressure risk assets, including bitcoin and the broader crypto market.
Source: CoinCentral