US 10-year Treasury yield tops 5% ahead of Fed decision
- —10-year yield up 2 bp to 5.0134%; 2-year at 4.7494%
- —Futures see a 90.6% chance the Fed holds rates on October 29
- —December 9 hike of 25 bp priced at 76.5% probability
- —September PCE and Q3 GDP first estimate due October 29
Why it matters: Rising yields and hawkish Fed expectations weigh on risk assets, including bitcoin.
Source: TokenPost