BREAKING: US 10-year bond yield is back above 5%, a new 19-year high.
The sudden jump comes right after September's flash PMI data blew past forecasts, with composite PMI hitting a 5-year high, which pushed the odds of another Fed rate hike even higher.
The 2-year yield is also sitting at a 27-month high right now.
It seems like the bond market is expecting the Fed to be more hawkish now.
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The sudden jump comes right after September's flash PMI data blew past forecasts, with composite PMI hitting a 5-year high, which pushed the odds of another Fed rate hike even higher.
The 2-year yield is also sitting at a 27-month high right now.
It seems like the bond market is expecting the Fed to be more hawkish now.
$BTC $ETH $BNB
