Crypto Market Slips 1.24% as US Strikes on Iran Lift Oil
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Long-term US Treasury pressure remains after US PCE data: 30-year yield nears 5.2%, yield curve steepens
After the release of Thursday's U.S. PCE data, the 30-year U.S. Treasury yield remained near a 19-year high of around 5.20%; the yields on 2-year to 5-year Treasuries fell by about 5 basis points, hitting the week's lows. The spread between 5-year and 30-year Treasuries widened to 84 basis points, reaching its highest level since May. Analysts pointed out that the decision by Walsh to hold steady this time has raised doubts in the market about his determination to fight inflation.
AI "Prodigy" Flops on Wall Street: OpenAI Former Researcher's Fund Reportedly Liquidated, Citadel Takes Over $16 Billion Stock Assets
Situational Awareness, a hedge fund managed by Aschenbrenner, who became famous for aggressive AI investments, achieved a 439% return in the first half of this year, with assets under management once reaching $20 billion. According to reports, due to heavy losses from AI investments, the fund urgently initiated negotiations with several large institutions this Wednesday, hoping to sell some assets or raise new funds. Major multi-strategy funds such as Millennium participated in the bidding, and a deal was reached with Citadel within 24 hours.
Yen surges over 3% intraday! Market speculates Japan intervened again, analysts say “taking action with the trend” is a smart move
The Japanese yen saw its largest intraday gain against the US dollar in two and a half years. From late April to late May this year, Japan conducted a record-sized intervention totaling approximately $73.2 billion, but the depreciation pressure on the yen has not been fundamentally eased. Market attention is now focused on whether officials confirm this latest intervention, although relevant data is typically released weeks later, so yen volatility is expected to remain high in the short term. Citi predicts the yen will weaken in the near term and suggests going long on USD/JPY ahead of the Bank of Japan meeting, as the central bank governor is unlikely to deliver a more hawkish stance than expected.
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