Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Core PCE data continues to be high, and US Treasury yields have a respite

Core PCE data continues to be high, and US Treasury yields have a respite

Bitget2024/04/29 11:29

According to BlockBeats, U.S. bond yields took a slight breather last Friday. The core PCE data was basically in line with analysts' high expectations. At the same time, core services increased by 0.39% month-on-month, higher than 0.19% in February. Actual personal consumption expenditures also unexpectedly rose, and the economy and price pressures were more stubborn than expected. However, with U.S. Treasury positions approaching extreme bearishness and PCE results no worse than market expectations, rates slid about 3 basis points across the board and the Nasdaq gained 2% on yield moves and strong tech earnings. The FOMC meeting will be the main focus this week, but the market will also be affected by the US JOLTS and non-farm payrolls data before and after the meeting, while CPI and Nvidia earnings are expected to be the biggest market influencers later this month. On the cryptocurrency front, none of the major ETF products saw significant buying interest, with $84 million in outflows on Friday following a $218 million outflow last Thursday. Although still well above 2023 levels, CME’s BTC futures open interest has fallen sharply from recent all-time highs, with mainstream FOMO sentiment slowing significantly.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!