US 10-year Treasury yield falls to 4.98% after Fed rate hike
- —The 10-year Treasury yield fell 4 bps to 4.98%
- —The two-year yield declined 3 bps to 4.70%
- —PCE inflation in July was 3.7%, above the Fed's 2% target
- —The market expects three rate hikes through mid-2027
Why it matters: Falling US Treasury yields ease pressure on risk assets including Bitcoin, but persistently high inflation keeps the risk of further tightening alive.
Source: Newsbit