The two-year U.S. Treasury yield just climbed to 3.5662 in today's session—marking its strongest level since December 10. This move signals shifting sentiment around near-term rate expectations and economic outlook.

Why it matters: Treasury yields anchor broader financial markets. When short-end yields spike like this, it typically reflects expectations about Federal Reserve policy or inflation concerns. For crypto traders, this kind of macro shift often reshapes capital flows and risk appetite across digital assets.

The persistent strength in two-year yields suggests market participants are pricing in a particular trajectory for monetary conditions. Whether this reflects genuine economic resilience or tightening cycle expectations remains the key question worth watching.