Japan's 30-Year Bond Yield Reached Record 4.223%, Posing Risk to Bitcoin via Carry Trade
Japan's 30-year bond yield hit a record 4.223%, raising safe-haven returns and threatening bitcoin via yen carry trade unwinds.
US and China reach agreement on a subset of goods for trade; details to be released Monday.
Greer stated on CNBC that the United States will release the specifics of discussions with China next Monday.
One should not expect a huge announcement, but at least the process is back on track.
Meanwhile, Trump has been tweeting. It appears that the president is currently focused on re-naming things.
Very productive meeting with President Xi for both the U.S.A. and China. Tremendous things will be happening. Like almost everyone else, he seemed to like calling the poorly and inaccurately named Artificial Intelligence to a far more accurate and important name, SUPER INTELLIGENCE. That would be “SUPER!” Everyone last night agreed, also. President DJT
The public is likely to keep using whichever term they prefer.
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Japan's 30-year bond yield hit a record 4.223%, raising safe-haven returns and threatening bitcoin via yen carry trade unwinds.
US durable goods orders held steady in August, exceeding forecasts of a 0.4% decrease, with core orders also showing strength.
Yen strengthened, oil prices fell, and 10-year Treasury yields remained near 5.17% in European trading.
New York Fed President John Williams warned that repeated supply shocks are complicating the fight to bring inflation back to 2%.