The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
U.S. 10-Year Peaks At 3.19%
Over the last few weeks, we’ve seen a sharp reversal in interest rates, especially longer duration, as markets seem to be pricing in lower long-term inflation expectations and the rising probability of a more deflationary market regime on the horizon. The U.S. 10-year treasury yield has fallen over 50 basis points to around 2.78%.