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The following is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Sign up now to be among the first to get these insights and other on-chain bitcoin market analysis straight to your inbox.

10-year high in the US at 3.19%

In recent weeks we have seen a significant turnaround in interest rates, particularly in longer duration, as markets appear to be pricing in lower long-term inflation expectations and the increasing likelihood of a more deflationary market regime emerging. The US 10-year Treasury yield has fallen over 50 basis points to around 2.78%.

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