Market News / Story
Benjamin Cowen Says Yields Could Fall After Midterms With a Potential Boost for Bitcoin
Beincrypto ·
Beincrypto reports: Analyst Benjamin Cowen expects the 10-year Treasury yield to peak before mid-November, after it touched 5.342% on October 1. That could ease pressure on Bitcoin and other risk assets. The reading was the highest since early 2002. Meanwhile, the Federal Reserve (Fed) raised interest rates in September. Why Does Benjamin Cowen See a Yield Peak Around the Fed Meeting? Cowen said history supports his timing. Historically, the 10-year yield topped between early October and…