Macro· ★★★· bearish·

Fidelity says Fed is too loose as 10-year Treasury yield hits 20-year high

  • —10-year Treasury yield closed the quarter at 5.3%, up 82 bps
  • —Real yields rose 68 bps versus just 14 bps for inflation expectations
  • —Commodities gained 16.2% while long-duration bonds fell 7.7%
  • —The Fed raised rates in Q3 for the first time since 2023
Why it matters: Rising real yields weigh on bitcoin and risk assets, with Fed, ECB and BoJ decisions this week set to steer markets.
#BTC
Source: Journal du Coin
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