FOMC minutes: AI infrastructure borrowing supports long-term yields, weighs on bitcoin
- —Nominal 2- to 10-year Treasury yields rose about 35 bps between FOMC meetings
- —The 10-year nominal yield stood at 5.28% on Oct. 7, with the real yield at 2.92%
- —BIS expects AI capex by the five largest big tech firms to top $1 trillion in 2025–2026
- —The minutes do not quantify AI borrowing's impact on bitcoin prices
Why it matters: Even with the Fed on hold, elevated long-term yields can keep pressure on bitcoin as an alternative asset.
Source: TokenPost