Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport

U.S. stock markets have started to sell off again and U.S. bond yields are moving higher, the note said. The 2-year Treasury now yields about 4.87%, above the November 2022 high of 4.8%, and the difference, or spread, between the 2-year and 10-year yields is at an “unhealthy level of -0.87%.”