US 10-year Treasury yield tops 5% for the first time since 2023
- —The 10-year UST yield topped 5.00% for the first time since October 2023
- —The average 30-year US mortgage rate rose above 7%
- —The probability of a Fed pause across three meetings fell from 50% to 16.5% in a week
- —The next FOMC meeting is scheduled for Sept. 16, 2026
Why it matters: Rising yields tighten financial conditions and reduce the odds of a Fed pause, weighing on risk assets including bitcoin.
Source: Crypto Briefing