Market Analysis
Treasury Yields Drop as Jobless Claims Grow Faster than Expected
Initial job claims rose faster-than-anticipated in the week ended Nov. 11, underscoring a slowdown in the US labor market. Treasury yields fell on the report.
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BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
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DOGE$0.0723+0.10%
USDS$0.99970.00%
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LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
The net short position in 10-year Treasury futures hit an all-time high last week as hedge funds stay bearish on the 10y yield.
Initial job claims rose faster-than-anticipated in the week ended Nov. 11, underscoring a slowdown in the US labor market. Treasury yields fell on the report.
Tokenized treasury bonds seem to be one of the next big things for the blockchain.
DigiFT, Singapore-based DEX, launched the first fully-regulated on-chain US Treasury token, DUST.
OndoFinance introduced the first-ever tokenized note backed by T-Bills and bank deposits, with a starting annual percentage yield of 5%.
OpenEden's new platform for tokenized US T-Bills represents an exciting opportunity for investors looking for lower-risk options in DeFi.