What is happening in the bond market right now?

Crypto Insight Summary: The bond market is taking a beating, as the average rate on a 30-year US mortgage has climbed to 7.45%, up 150 basis points in six months and its highest level since 2023, when inflation was above 6.4%. The 10-year Treasury yield gained about 30 basis points in two days, including its biggest one-day jump... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Rising bond yields signal risk-off sentiment, prompting crypto sell-offs.