A check of traditional markets finds the 10-year U.S. Treasury yield down a whopping 12 basis points to 3.38%, its lowest since mid-September, and well below the current Fed Funds rate target of 4.25-4.5%. This sort of “inversion” has typically been an excellent forecaster of a recession, or at least a sizable economic slowdown. Should that come to pass, it would surely mean easier monetary policy than currently forecast, a possible boon to risk assets, including bitcoin.
Related posts
-
Bitcoin (BTC) Price Hits $65K Despite Mt. Gox Payout Worries; Ripple’s XRP Leads Crypto Rally
“I believe this distribution won’t end the bullish trend, as the coins are expected to react... -
Shiba Inu Targets 45% Price Explosion
The anonymous crypto analyst pullbacksignal has published a technical analysis of Shiba Inu (SHIB) via TradingView,... -
Bitcoin mining stock analyst discusses ‘Trump Bump’
Analysts from H.C. Wainwright believe the market’s positive reaction to crypto suggests increased confidence in Republican...