U.S. Treasury yields just took a dip following the latest CPI report. The 10-year Treasury note dropped 2.7 basis points, settling at 4.16%—a move that matters more than you'd think for risk assets like crypto.

When bond yields fall, investors typically get more appetite for higher-yielding or volatile assets. That's the macro play here. The CPI data came in softer than expected, easing inflation worries at least for this cycle. This kind of economic data release usually ripples through markets hard—equities react, commodities shift, and yeah, digital assets feel it too.

The broader context: Treasury yields are a benchmark for global risk appetite. A 2.7 basis point move might sound small, but in fixed income it signals real sentiment shifts. If the Fed's tightening cycle is cooling down, that changes the whole calculus for where capital wants to park itself.