Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Cointime News Wrapup-Afternoon: Hong Kong Virtual Bank to Offer Crypto Conversions and Accounts
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Market data shows that ETH has fallen below $2400, currently priced at $2397.9, with a 24-hour decline of 4.42%. The market is experiencing significant volatility, so please ensure proper risk management.
Brent crude oil has increased by 2.00% today, currently priced at $105.21 per barrel. According to Reuters, shipping sources have reported that oil loading operations at Saudi Arabia's largest port in the Red Sea, Yanbu, have been suspended following attacks on east-west oil pipelines.
WTI crude oil has increased by 2.00% today, currently priced at $99.97 per barrel. Brent crude oil has risen by 1.5%, currently priced at $104.68 per barrel.
On September 15, U.S. Treasury Secretary Besenet stated that rising oil prices are the main reason for the increase in the 10-year U.S. Treasury yield.
On September 15, at 1 PM New York time, the upcoming reissue auction of 20-year U.S. Treasuries is expected to achieve the highest auction yield for this maturity since it resumed issuance in 2020. A slight bear steepening in the long-end bond market has pushed yields higher. This reissue, sized at $13 billion, has a pre-auction trading yield of approximately 5.41%, which would surpass the record of 5.245% set on October 5, 2023, marking a historical high for this maturity. Last week's coupon-bearing Treasury auction saw strong demand at high yield levels, which could be a potential positive for this 20-year Treasury auction. The yield on the 20-year Treasury reached a high of 5.44% on Tuesday, a historical peak since its resumption. Last week's auctions of 10-year and 30-year U.S. Treasuries had bid yields that were 1.4 basis points and 2.7 basis points lower than the issuance yields, respectively. JPMorgan strategists noted in a report on Monday evening that the macro environment lacks attractiveness, valuations are high, and technical support is insufficient, indicating that this auction may require a larger yield concession to be successfully absorbed. The latest positioning data from the U.S. Commodity Futures Trading Commission shows that speculators hold a net short position of 200,000 traditional Treasury futures, which could create demand for short covering.
All Comments