Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich

Standard Chartered Sees Bitcoin Bottom "Almost In" As Crypto Crashes To 3-Month-Lows Authored by Naga Avan-Nomayo via TheBlock.co, After a brutal week for bitcoin (down over 20% in the last 9 days), Standard Chartered said the worst may soon be over for the largest cryptocurrency and the broader digital asset market. The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, said in a note entitled "The Low Is Almost In", the bitcoin market is close to a bottom, arguing that structurally resilient spot exchange-traded fund holdings and an anticipated large buyback...

Yields Hit Session High After Ugly, Tailing 30Y Auction Amid the now daily firehose of news, the US Treasury managed to sneak in an auction of $25 billion in 30Y paper, and while not as ugly as Tuesday's terrible 10Y auction, today's auction was not pretty... at all.Stopping at a high yield of 5.441T%, the yield dipped from last month's 5.618% largely thanks to the uniform drop across the yield curve following the recent turmoil in the AI space (which means less competition for long end paper amid AI companies),...

The Latin Patriarchate of Jerusalem and the Vatican’s Custody of the Holy Land said in a joint statement on Monday that an agreement was reached with the Israeli police after the Latin Patriarch, Cardinal Pierbattista Pizzaballa, was blocked from celebrating Palm Sunday Mass at the Church of the Holy Sepulchre in East Jerusalem. The joint […]