The US 2-year Treasury yield climbed to 4.743%, reaching its highest level since July 2024. The move marks a significant shift in short-term government bond rates as fixed income markets adjust to evolving economic conditions. Rising yields on short-dated Treasuries often signal changing expectations for Federal Reserve policy and near-term economic outlook. The latest increase underscores heightened volatility in rate-sensitive assets that directly impacts cryptocurrency market liquidity and risk appetite.