Deep Tide TechFlow News, on October 23, 10x Research posted on social media that the 10-year government bond yield rose from 3.6% at the September FOMC meeting to 4.2% (+60 basis points). As the yield broke through 4.0%, Trump's election probability increased to 60%, intensifying market concerns about inflation. Higher bond yields typically indicate fewer interest rate hikes in the future. On October 4, non-farm payroll data exceeded expectations, with an addition of 254k jobs, after which Trump began his campaign, further boosting his election chances. This rise in yield led to adjustments in US small-cap stocks (Russell 2000) and Bitcoin.