U.S. two-year Treasury yields hit 4.24% on Iran tensions and rising Fed rate hike expectations, potentially pressuring crypto valuations.
Macro & Markets ·
U.S. two-year Treasury yields reached 4.24%, marking the highest level since early 2025, as geopolitical tensions drove oil prices higher and amplified expectations for Federal Reserve rate increases. Market pricing for a September rate hike has risen substantially from 66% a week prior, reflecting tightened monetary policy expectations that could constrain risk assets including cryptocurrency valuations.