Financiers Avoid US Bonds as Expect Fed Rate Cuts Fade|United States Crypto News

With the FOMC meeting underway, United States Treasury yields are dipping, and financiers eye the potential effect of rate choices and liquidity changes, while Europe seeks to raise the euro’s worldwide role.The post Financiers Shun United States Bonds as Wish For Fed Rate Cuts Fade|US Crypto News appeared initially on BeInCrypto.

United States Crypto News appeared first on BeInCrypto.

The yield on the benchmark 10-year Treasury note fell 3 basis points (bps) to 4.424%. According to the CME FedWatchTool, markets are projecting a 99.8% possibility that the Fed will leave interest rates the same at 4.25-4.5%. She called on the EU to enhance its geopolitical clout, financial durability, and institutional unity.In a speech entitled Europe’s ‘global euro’ moment, Lagarde cautioned that the unraveling of open markets and the fading supremacy of the US dollar present both threats and openings for Europe.She said that ‘Protectionism, zero-sum thinking, and bilateral power plays’ are replacing multilateral norms, endangering 30 million EU jobs connected to worldwide trade.While the euro is currently the world’s 2nd most-used currency– representing 20% of worldwide FX reserves– Lagarde argued that increasing its worldwide stature is not ensured.