Discover and read the best of Twitter Threads about #Tbills
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#Bitcoin Back Above $29k After #MtGox False Alert
📰Let’s dive into your weekly digest of specially curated reads by #Matrixport 📰
What’s #trending in #cryptocurrency? ⬇️⬇️⬇️
📰Let’s dive into your weekly digest of specially curated reads by #Matrixport 📰
What’s #trending in #cryptocurrency? ⬇️⬇️⬇️
1️⃣ #Bitcoin Slumped and Rebounded in Hours amid False Alarm on #US Government Dump
2️⃣ #Circle Launches Cross-Chain #USDC Transfer Protocol for #Ethereum, #Avalanche
3️⃣ Binance.US Calls off $1.3bn Deal for #Voyager’s #Assets, Citing a “Hostile Environment”
2️⃣ #Circle Launches Cross-Chain #USDC Transfer Protocol for #Ethereum, #Avalanche
3️⃣ Binance.US Calls off $1.3bn Deal for #Voyager’s #Assets, Citing a “Hostile Environment”
4️⃣ #Arbitrum #Blockchain #Airdrops $120m-worth #ARB #Tokens to Projects in its Ecosystem
5️⃣ #Visa Shares Plans for ‘Ambitious’ #Crypto Product Regarding #Stablecoin #Payments
READ OUR #NEWSLETTER IN FULL:
bit.ly/42h7rGO
5️⃣ #Visa Shares Plans for ‘Ambitious’ #Crypto Product Regarding #Stablecoin #Payments
READ OUR #NEWSLETTER IN FULL:
bit.ly/42h7rGO
So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
#CrudeOil whipsawed in tight range with #WTI at $42.83
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Germany, yesterday, issued a 30-year bond that offers negative yield (average yield of -0.11%).
This typically means that investors are paying German government to hold their debt. Why would investors invest in such a bond? Thread 1/8
This typically means that investors are paying German government to hold their debt. Why would investors invest in such a bond? Thread 1/8
The coupon set on these bonds (or Bunds, as they are called in Germany) is 0% i.e. the government will not pay any interest at all on these bonds.
In comparison, if GoI issues a 30 year bond today, the interest rate offered would be ~7%. 2/8
In comparison, if GoI issues a 30 year bond today, the interest rate offered would be ~7%. 2/8
A negative yield of -0.11% means that an investor in this bond will pay 11 basis points per year to German Govt to borrow the sum i.e. an investment of Rs. 100 in these bonds would yield ~Rs. 97 in 30 years, a loss of ~Rs. 3. 3/8
