10-year US Treasury yield holds above 5% ahead of Fed decision
- —The 10-year US Treasury yield is 5.004%, the 30-year is 5.372%
- —The probability of a 25 bps rate hike rose to 92.5% from 33% a month ago
- —August CPI showed 3.4% inflation, July PCE was 3.7% year-on-year
- —Brent crude trades above $100 amid Middle East tensions
Why it matters: Rising yields and expectations of a rate hike increase pressure on risk assets, including bitcoin and the crypto market.
Source: Yahoo Finance Crypto