US 10-year Treasury yield hits 5.08%, highest since 2004
- —US 10-year Treasury yield reached 5.08%, the highest since July 2004
- —Brent crude rose more than 3% as US-Iran talks stalled
- —Bitcoin fell 2.30%, gold 1.37%, silver 2.33%, Nasdaq 100 0.93%
- —Fed's Barr said further rate hikes are likely needed to bring inflation to 2%
Why it matters: Rising Treasury yields pressure risk assets including bitcoin and raise the odds of further Fed rate hikes.
Source: Newsbit