US 10-year Treasury yield holds above 5% after Fed rate hike
- —The 10-year yield reached about 5.04%, the highest since July 2007
- —30-year bonds traded above 5.28% in mid-September
- —The Fed raised rates to 3.75–4.00%, the first hike since 2023
- —The 10-year yield has risen about 0.8 percentage points year-to-date
Why it matters: High real rates raise the opportunity cost of holding Bitcoin and pressure DeFi yields, demanding a risk premium.
Source: Crypto Briefing