Two-Year US Treasury Yield Hits 4.31%, Bitcoin Tests $64,000 Support

According to Mosaic Asset Company, the yield on two-year US Treasury notes rose to 4.31% on July 27, placing it well above the Federal Reserve's target range. The move has added pressure to risk assets including Bitcoin, which has tested the $64,000 level with buyers struggling to sustain the recovery.

CME FedWatch data indicates markets expect the Federal Reserve to leave rates unchanged at its next meeting, though traders are pricing in a possible 25-basis-point increase in September. Geopolitical tensions, rising bond yields and uncertainty over the central bank's next moves have weakened investor appetite for risk assets.