Crypto Giants Hit Pause: Grayscale Joins IPO Delay Wave
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APT breaks resistance, CRYPTO ME targets $4 if support at $0.75 holds
Multiple Factors Weigh In, Intensifying U.S. Treasury Sell-Off! 5-Year Yield Breaks 5% for the First Time Since 2007, 10-Year Yield Surpasses 5.1%
The stronger-than-expected U.S. September PMI, international crude oil prices returning above $100, and Fed governors signaling possible rate hikes have all negatively impacted the bond market. The disappointing 5-year Treasury auction has further worsened market sentiment. The psychological barrier of a 5% yield on the 10-year U.S. Treasury is losing its significance as a "ceiling," with the market now starting to discuss a potential 6%. In addition to rate hike expectations, fiscal and supply pressures are also driving up long-term bond yields.
According to reports, the Trump administration considered a 90-day diesel export ban, but this was later denied, with the US Secretary of Energy openly opposing it.
On Wednesday, according to Politico, the Trump administration was preparing a 90-day ban on diesel exports. Shortly after, Reuters reported that the United States was not preparing to implement such a ban. On the same day, the U.S. Secretary of Energy stated that banning diesel exports would "definitely not work," as it would force refineries to cut production, thereby driving up gasoline and jet fuel prices. After Politico's report, U.S. diesel futures fell by more than 7% before rebounding slightly, but the losses were not fully recovered.
Glassnode Has Turned Bullish on Bitcoin—They Revealed the Level They’re Waiting For
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