{"id":28779,"date":"2026-05-15T20:17:29","date_gmt":"2026-05-15T20:17:29","guid":{"rendered":"https:\/\/bitunikey.com\/news\/treasury-yields-hit-12-month-high-bitcoin-stalls\/"},"modified":"2026-05-15T20:17:35","modified_gmt":"2026-05-15T20:17:35","slug":"treasury-yields-hit-12-month-high-bitcoin-stalls","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/treasury-yields-hit-12-month-high-bitcoin-stalls\/","title":{"rendered":"Treasury yields hit 12-month high, Bitcoin stalls"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Treasury yields hit 12-month highs on May 15, pushing Bitcoin back toward $80,500 a day after the Clarity Act committee vote.<\/p>\n<div id=\"cn-block-summary-block_525a2c360a92b80c20a88bb6f5cf8525\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The 10-year US Treasury yield climbed to 4.5% on May 15, its highest since May 2025, after April CPI data came in at 3.8% above expectations.<\/li>\n<li>CME FedWatch now prices a 44% probability of a Fed rate hike by December 2026, sharply reversing earlier expectations of multiple cuts this year.<\/li>\n<li>Bitcoin remained below its 200-day simple moving average of $82,228, having failed to close above that level on five consecutive attempts this month.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>US Treasury yields <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fred.stlouisfed.org\/series\/DGS10\/\" target=\"_blank\" rel=\"nofollow\">surged<\/a> to fresh 12-month highs on May 15, with the 10-year note hitting 4.54% and the 2-year climbing to levels not seen since mid-2025.. The move came a day after the Senate Banking Committee approved the Clarity Act in a 15-9 bipartisan vote, which had briefly lifted Bitcoin above $82,000. By Friday, macro pressure had reversed most of those gains.<\/p>\n<p>April CPI data showed inflation running at 3.8%, confirming that rate cuts are not arriving in 2026. CME FedWatch <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"nofollow\">data<\/a> now shows markets assigning more than a 44% probability to a Fed rate hike by December, against a current rate of 3.50% to 3.75%. At the start of 2026, traders had priced in at least two cuts before year-end.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What higher yields mean for Bitcoin<\/h2>\n<p>Bitcoin is a non-yielding asset competing directly against Treasury securities now offering more attractive dollar-denominated returns. As crypto.news tracked, the \u201chigher for longer\u201d rate environment compresses valuation multiples and caps speculative excess, making it harder for marginal capital to flow into high-beta crypto assets.<\/p>\n<p>One partially offsetting signal is the tokenized Treasury market, whose total value locked hit a record above $15 billion on May 15 according to rwa.xyz data. The same yield environment that pressures Bitcoin is attracting institutional capital into on-chain access to high-yielding government debt.<\/p>\n<p>Bitcoin is trading near $80,592, below its 200-day SMA of $82,228 and having failed to close above it on five consecutive attempts this month. As crypto.news documented, a hawkish macro backdrop keeps Bitcoin sensitive to shifts in Fed tone rather than legislative progress alone. If the 10-year yield continues toward 5%, the headwind for non-yielding assets intensifies further.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury yields hit 12-month highs on May 15, pushing Bitcoin back toward $80,500 a day after the Clarity Act committee vote. Summary The 10-year US Treasury yield climbed to 4.5%&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28779"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28779\/revisions"}],"predecessor-version":[{"id":28780,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28779\/revisions\/28780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}