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Bitcoin on the Biggest 2-Year Yield Move Days

The 2-year Treasury yield is the market yield on US government bonds with two years left to maturity. This ranks the 14 trading days since September 2014 on which it moved 25 basis points (0.25 percentage point) or more in a day, and shows what bitcoin did on the same day: it rose on 7 of them and fell on 7.

Data as of · yields through Nov 9, 2026; bitcoin closes at 00:00 UTC; days since Sep 18, 2014

Illustration: every day since 2014 on which the 2-year Treasury yield moved 25 basis points or more, with bitcoin’s move on the same day.
Bitcoin on the Biggest 2-Year Yield Move Days, data as of 2026-11-12
Rank Date 2-year yield change Yield, before → after BTC same day
1 Mar 13, 2023 ▼ −57 bp 4.60% → 4.03% ▲ +9.2%
2 Jun 13, 2022 ▲ +34 bp 3.06% → 3.40% ▼ −16.0%
3 Mar 17, 2023 ▼ −33 bp 4.14% → 3.81% ▲ +9.5%
4 Mar 10, 2023 ▼ −30 bp 4.90% → 4.60% ▼ −0.9%
5 Aug 2, 2024 ▼ −28 bp 4.16% → 3.88% ▼ −6.0%
6 Nov 10, 2022 ▼ −27 bp 4.61% → 4.34% ▲ +10.7%
6 Mar 15, 2023 ▼ −27 bp 4.20% → 3.93% ▼ −1.5%
6 Dec 13, 2023 ▼ −27 bp 4.73% → 4.46% ▲ +3.5%
9 Apr 25, 2023 ▼ −26 bp 4.12% → 3.86% ▲ +2.8%
10 Feb 28, 2020 ▼ −25 bp 1.11% → 0.86% ▼ −1.3%
10 Feb 10, 2022 ▲ +25 bp 1.36% → 1.61% ▼ −1.7%
10 Jun 15, 2022 ▼ −25 bp 3.45% → 3.20% ▲ +1.6%
10 Mar 21, 2023 ▲ +25 bp 3.92% → 4.17% ▲ +1.5%
10 Aug 1, 2025 ▼ −25 bp 3.94% → 3.69% ▼ −2.1%

2-year yield change = the day’s 2-year constant-maturity Treasury yield (FRED series DGS2, percent) minus the previous published day’s, in basis points; days without a published yield (weekends, US market holidays) are skipped. The list is every day with a move of 25 basis points or more.1 BTC same day = Yahoo Finance’s BTC-USD close at the 00:00 UTC day boundary on the date, over the previous day’s.2 The yield is a US market-close figure and bitcoin trades around the clock, so the two moves cover slightly different hours. Ranks are by size of the move, up or down; ties share a rank. Observed facts, not a forecast.

The top 5

3 of the 14 moves were rises and 11 were falls. For the 10-year yield, see the biggest 10-year yield moves and the biggest real-yield move days.

#1

Mar 13, 2023

▼ −57 bp

The 2-year yield fell 57 basis points, from 4.60% on Mar 10, 2023 to 4.03%.1 Bitcoin’s UTC close that day was +9.2% against the day before.2

#2

Jun 13, 2022

▲ +34 bp

The 2-year yield rose 34 basis points, from 3.06% on Jun 10, 2022 to 3.40%.1 Bitcoin’s UTC close that day was -16.0% against the day before.2

#3

Mar 17, 2023

▼ −33 bp

The 2-year yield fell 33 basis points, from 4.14% on Mar 16, 2023 to 3.81%.1 Bitcoin’s UTC close that day was +9.5% against the day before.2

#4

Mar 10, 2023

▼ −30 bp

The 2-year yield fell 30 basis points, from 4.90% on Mar 9, 2023 to 4.60%.1 Bitcoin’s UTC close that day was -0.9% against the day before.2

#5

Aug 2, 2024

▼ −28 bp

The 2-year yield fell 28 basis points, from 4.16% on Aug 1, 2024 to 3.88%.1 Bitcoin’s UTC close that day was -6.0% against the day before.2

Sources

  1. Federal Reserve Bank of St. Louis, FRED, Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis (DGS2), daily series from 2014-09-02 to 2026-11-12, retrieved 2026-11-12.
  2. Yahoo Finance chart API, BTC-USD daily close (00:00 UTC day boundary), 2014-09-17 to 2026-11-10, retrieved 2026-11-12. A day’s bitcoin move is that day’s close divided by the previous calendar day’s close, minus 1.

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