Benjamin Cowen Sees Yield Peak After Midterms, Potential Boost for Bitcoin
- —10-year Treasury yield hit 5.342% on October 1, the highest since early 2002
- —Cowen expects a yield peak before mid-November, around the Fed's October 28 meeting
- —Odds of an October rate hike fell from 64% to 17.7% in a week
- —September jobs report showed just 29,000 new jobs
Why it matters: Falling Treasury yields typically ease pressure on Bitcoin and other risk assets, though Cowen still expects long-term rates to climb.
Source: BeInCrypto