The Fed raised rates 25bp. The US 10 year is still above 5%. The benchmark yield is hovering around its highest level since 2007, extending a move that has taken it from roughly 4.1% a year ago to 5.02% today. That keeps the pressure further out the curve in focus, even after the Fed tightened short term rates. For bitcoin:native, the rates backdrop remains tight with the FOMC decision now behind us.