Rising U.S. Treasury Yields Prompt Economic Concerns and Boost Cryptocurrency Speculation

As U.S. treasury yields surge, experts like Hayes anticipate potential economic challenges on the horizon. This growing concern is rooted in the rapid rise of long-term interest rates compared to their short-term counterparts, known as the bear steepener effect. Hayes points out that current bank models havent incorporated this bear steepener occurrence, making it difficult for them to predict the potential implications. A notable rise in the 2s30s curve, representing the difference between 30-year and 2-year yields, accentuates the increasing economic pressure. Banks are predicted to...

source: https://tokenpost.com/Bitcoin-Sees-Bullish-Pattern-Despite-Turbulence-in-Financial-Waters-as-US-Treasury-Yields-Rise-Rapidly-10770

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