If that’s not enough, the market now sees a 70% probability of the Fed raising rates by 50 basis points later this month, a reacceleration of tightening after a brief step down 25 bps in February. The yield on the two-year Treasury note, which is sensitive to interest rate expectations, has crossed above 5% for the first time since 2007 and could rise further toward 5.655, considering the terminal rate pricing.
Source: https://www.coindesk.com/markets/2023/03/08/bitcoin-slips-to-3-week-low-as-market-sees-federal-reserve-lifting-rates-to-565/?utm_medium=referral&utm_source=rss&utm_campaign=headlines