Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening

On Thursday, the U.S. two-year treasury yield, which mimics short-term interest rate and inflation expectations better than the 10-year yield, rose to a 22-month high of 0.87%. The short-term yield has more than doubled to 0.76% in the past quarter, according to TradingView. The yields may rise further if the U.S. non-farm payrolls data scheduled for release at 13:30 UTC on Friday show the pace of job additions nearly doubled to 400,000 in December, as expected. That would validate the Fed’s recent hawkish pivot.