2Y Treasury yield just spiked to 4.92% — highest since Sept 29
September CPI came in hotter than expected. Market's now pricing in the Fed might not be done hiking.
This is bad for risk assets. When yields rip like this, liquidity gets sucked out of crypto and equities. $BTC historically bleeds when real rates stay elevated.
Watch the next FOMC meeting closely. If Powell even hints at another hike, expect volatility across the board.
TLDR: Macro headwinds brewing. Manage your risk accordingly.
September CPI came in hotter than expected. Market's now pricing in the Fed might not be done hiking.
This is bad for risk assets. When yields rip like this, liquidity gets sucked out of crypto and equities. $BTC historically bleeds when real rates stay elevated.
Watch the next FOMC meeting closely. If Powell even hints at another hike, expect volatility across the board.
TLDR: Macro headwinds brewing. Manage your risk accordingly.