HSBC Sees 10-Year Treasury Yield at 4.65% by Year-End, Easing Bitcoin Macro Pressure
- —10-year Treasury yield fell to 4.951% from a peak of 5.041%
- —HSBC forecasts 4.65% by the end of 2026
- —The 6% scenario favored by bears has yet to materialize
- —Cooling crude prices supported the decline in yields
Why it matters: Lower Treasury yields ease pressure on risk assets including bitcoin and improve the macro backdrop for crypto markets.
Source: Coinotag