US 2-year Treasury yield hits session high at 4.39%

The push in the 2-year yield to a session high signals that rate-sensitive markets are still repricing near-term policy expectations, likely reacting to macro data or central bank commentary embedded in today's session. For crypto and RWA markets, this matters because higher short-term Treasury yields tighten the relative appeal of yield-bearing digital assets and can pressure liquidity conditions. The key question is whether this marks a sustained trend toward higher-for-longer rates or a temporary adjustment; watching subsequent sessions for confirmation of the direction in short-dated yields will be more telling than the single print.