[Brief] US Long Bond Yield Hits Highest Since 2023
US Long Bond Yield Hits Highest Since 2023 US long-term Treasury bond yields have climbed to their highest level since 2023, driven by growing inflation concerns, according to Bloomberg. The yield curve movement suggests market participants expect the Federal Reserve may maintain higher interest rates for longer to combat inflation. This trend has ripple effects across global financial markets, putting pressure on risk assets including cryptocurrencies. Source: Bloomberg