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Major cryptocurrencies under pressure as oil jumps 3%
Key takeaways
- Treasury yield climbed to 4.19% on Monday, its highest level since February 2025, according to Trading View data, extending a sharp rise that accelerated after Friday’s stronger-than-expected U.S. jobs report.
- The yield is up roughly 80 basis points since the onset of the Iran war in late February, including a gain of more than 10 basis points last week alone.
- As a maturity closely aligned with the Fed’s policy horizon, the two-year yield is particularly sensitive to interest rate expectations.
The two-year U.S. Treasury yield climbed to 4.19% on Monday, its highest level since February 2025, according to Trading View data, extending a sharp rise that accelerated after Friday’s stronger-than-expected U.S. jobs report.
The yield is up roughly 80 basis points since the onset of the Iran war in late February, including a gain of more than 10 basis points last week alone.
As a maturity closely aligned with the Fed’s policy horizon, the two-year yield is particularly sensitive to interest rate expectations. Its continued ascent signals growing market bets that the Fed’s next move could be a rate hike, a stark reversal from earlier in the year, when markets were pricing in at least two rate cuts.
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