As of October 7 the week, money market funds attracted 166400000000 USD in inflows, the largest amount in a single week since 2020 years April. Michael Hartnett said that, before sustained and substantial rate cuts, cash may not flow back into stocks on a large scale.
11 After the long holiday, global bond markets fell sharply, and the 10-year U.S. Treasury yield rose to 5.36%, reaching 22 a new high in years; French government bonds became a new pressure point, and Wall Street grew increasingly divided over the year-end outlook.
BlockBeats, citing Tom Lee’s interview with CNBC, reported that he expects inflation data over the next 6 months to be soft, while the strong performance of technology stocks and crypto assets is already reflecting expectations of easier financial conditions.
White House National Economic Council Director Hassett said that the United States does not want to escape its debt through inflation, that current interest payment levels are unacceptable, and that the government is serious about reducing the deficit and respects the Federal Reserve’s independence.
Japan 40-year government bond auction bid-to-cover ratio rises to 3.1, the strongest since 2020; Japanese government bond futures continued to rise after the auction.
BlockBeats, citing Bitget market data, reported that the intraday decline in spot gold widened to 4%, at 4113.68 USD/ounce; the U.S. 10-year Treasury yield rose intraday by 10 basis points to 5.27%。
Barclays says persistently rising bond yields have pushed the relative appeal of stocks close to a multi-decade low, with U.S. stocks nearing a “tipping point.” The bank continues to maintain an overweight rating on equities but expects volatility to persist ahead of the third-quarter earnings season.
BlockBeats reports that Strategy plans to introduce daily dividend mechanisms for STRF、STRC、STRK and STRD. The claim has not yet been corroborated by a company announcement.
Citing Headliner and Bloomberg data, PANews reported that the average yield in the U.S. Treasury market rose to 5.05%, approaching previous highs; U.S. Treasury selling pressure intensified at one point this week before easing on Friday.
A fixed-income strategist at Federated Hermes said U.S. Treasury yields are being influenced by economic, inflation, and fiscal factors, and that the path of future declines remains uncertain.