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FOMC 9-3 Fracture, 30-Year Yields at 19-Year High, Bitcoin ETFs Bleed
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TFTC – Truth for the Commoner
The 30-year Treasury yield hit a 19-year high after the decision, and markets now price a greater-than-50% probability of a September rate increase, up from roughly 31% before the vote.
Bitcoin spot ETF flows have bled an estimated $526 million over a multi-day outflow streak, per SoSoValue data, with July on pace for the lowest monthly net inflow total on record.
The 10-year Treasury yield moved to approximately 4.66-4.68% on the session.
The 30-year yield at a 19-year high while the short end sits at 3.75% reflects term premium expansion, not only Fed policy.
The Bitcoin ETF inflow pattern heading into a potential rate hike is the near-term tell.