"9.29 Ten-Year U.S. Treasury Yield Hits 20-Year High 1. The ten-year U.S. Treasury yield reached 5.2%, a nearly 20-year high, now 120-150 basis points above the federal funds rate. This means either rate hikes will continue to catch up with Treasury yields, or CPI will bring positive news for yields to fall. 2. The last time we saw this yield level was in 2007, and what followed in 2008 was the financial crisis and a stock market crash. 3. Completely ignoring fundamentals and blindly chasing K-line charts while shouting about bull markets or altcoin seasons is a surefire way to get trapped.