U.S. Treasury yields decline, January PPI may become a turning point
ChainCatcher News, according to Golden Ten Data, due to geopolitical risks and expectations that the Federal Reserve may cut interest rates, U.S. Treasury yields accelerated their decline during the European trading session, and the yield curve flattened, with short-term yields falling more than long-term yields. Exness analyst Val Makaren stated that the January PPI data "will become the next turning point." If the easing of inflation is confirmed, it will reinforce the downward trend in yields and further weigh on the U.S. dollar.
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According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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