The US 10-year bond yield surged to a new high, pushing the 10Y yield upward.
Impact on assets 3
Others
%United States Government Bond 10Y
US-10Y
▲ PositiveMonetaryrelevance
%Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance
Investors increased bets the Fed will raise rates in October, implying a higher effective federal funds rate.
Others
BitcoinBTC-USD
▼ NegativeMonetaryrelevance
Bitcoin reversed and fell to ~$84,300 after the US 10-year yield hit a new high and investors bet the Fed will raise rates in October.