US, UK, Japanese and EU government bond yields hit multi-year highs
- —10-year US and UK government bond yields are at their highest since 2007
- —Japan: yield at 1996 levels, Germany at 2009 levels, France at 2008 levels
- —Oil above $100 per barrel heightened inflation fears
- —The market awaits the Fed decision this week, pricing a high probability of a rate hike
Why it matters: Rising government bond yields weigh on risk assets, including Bitcoin, and raise the odds of a hawkish Fed policy.
Source: BeInCrypto JP