Paolo Ardoino, CEO of stablecoin issuer Tether, said in a post on the X platform that according to the latest authentication report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffers, and Tether's total assets have reached about 215 billion US dollars, while stablecoin liabilities are about 184.50 billion US dollars. In addition, S & P's mistake is to not consider that Tether's holdings of US Treasury bonds alone can generate about 500 million US dolla...
10X Research posted on social media that the 10-year US Treasury yield (10-year yield above the 7-day moving average → bullish, but below the 30-day moving average → bearish, with a weekly change of -1.2%) fell slightly after the September inflation data cooled, and the monthly inflation rate fell to 0.3% in September and the annual rate fell to 3%, both lower than expected, strengthening market expectations for the Federal Reserve to ease policy. As investors were optimistic about moderate ...
Jiko, a Treasury-based settlement and payments platform, announced that it has received strategic investment support from Coinbase and Blockstream Capital Partners. In addition to this investment, Jiko has entered into new strategic partnerships with Crypto.com, Blockstream Capital Partners, Bitso, and Coinbase. These strategic partners will work with other institutions that have adopted Jiko as a banking partner to leverage its Treasury-based model for storage, settlement, and payments.
Goldman Sachs expects the "shock" to spread to global markets, especially US and UK government bonds, as the victory of the high market's early seedlings triggered sharp fluctuations in Japanese ultra-long-term government bonds. Click to view...
Citi slightly updated some of its forecasts for the level of U.S. Treasury yields at the end of the year, but is confident in its long-standing forecast for the 10-year yield, Citi strategist Jason Williams said in a note. He said the agency still expects the 10-year Treasury yield to end the year at 4.10 percent, in line with its forecast since last year. However, Citi has moderately updated other benchmarks to better align with its view of a steeper curve and lower policy rate expectations for...
Thomas Mathews, an analyst at Capital Economics, said in a note that US Treasuries were expected to struggle for the rest of the year despite their recent strong performance. "The weeks-long rally in US Treasuries appears to have paused," Mathews said. Comments by Federal Reserve chairperson Jerome Powell at a conference in Sintra, Portugal, appeared to be a factor in the pause. Mr. Powell said there would be no rush to cut interest rates as long as the economy was stable. "As far as we are conc...
Hunter Horsley, chief executive of Bitwise, wrote on the X platform: "I don't think bitcoin's competitor will end up being gold. Both [bitcoin and gold] are apolitical stores of value. Gold is less volatile and bitcoin is more volatile. Investors looking for apolitical stores of value will like both. Instead, I think bitcoin's competitor will end up being US Treasuries and other government bonds (such as UK gilts): these are the ultimate political stores of value."
U.S. Treasury bonds expanded their gains, with the 2-year yield at 3.924% and the 10-year yield now at 4.409%. (Golden Ten)
Paolo Ardoino, CEO of stablecoin issuer Tether, said in a social media post that Tether's holdings of U.S. Treasury bonds have surpassed those of Germany and will soon surpass those of South Korea.
Treasury selling resumed; the 10-year Treasury yield rose 17 basis points to 4.43%.