10Y Treasury Yield Climbs To Almost 1.8% As Mortgage Rates Rise, Cryptos Bitcoin & Ethereum Having A Bad 2022

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by confoundedinterest17

2022 should be an interesting year as the wheels come off The Fed’s constant stimulation of markets.

Today, we saw the 10-year Treasury Note yield almost hit 1.8% as mortgage rates rose to 3.22%.

Unfortunately for crypto investors, bitcoin is having a bad 2022. And ethereum is feeling some pain as well.

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While Goldman Snakes predicted 4 rates increases in 2022, Fed Funds Futures are predicting almost 4 rates increases (3 in 2022 and 1 in Jan 2023 … almost).

So whatever is giving markets the jitters, I would follow the advice of Samuel L. Jackson from Jurassic Park: “Hold on to your butts.”

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UPDATE: Did The Fed/Treasury seriously overreact due to COVID? Lool at Treasury issuance related to COVID recession versus the financial crisis (Great Recession) and the 2001 recession.

 

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