A check of traditional markets finds the 10-year U.S. Treasury yield down a whopping 16 basis points to 3.39%, 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.
Source: https://www.coindesk.com/markets/2023/01/18/bitcoin-erases-entire-ftx-related-decline-in-latest-surge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines