Fed holds rates for fifth time; 30-year Treasury yield tops 5.2%
- —Fed rate held at 3.50-3.75% for the fifth consecutive meeting
- —Three FOMC members voted for a 25 bps hike
- —30-year Treasury yield exceeded 5.20% for the first time since 2007
- —Futures price a 76% chance of a rate hike in September
Why it matters: Rising US government bond yields increase pressure on risk assets, including Bitcoin, ahead of the Fed meeting on September 15-16.
Source: Crypto Briefing