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03:18
JPMorgan Chase is bearish on 2-year US Treasuries due to its cautious outlook on the Federal Reserve's interest rate prospects.
JPMorgan strategists recommend selling two-year U.S. Treasury bonds as a "tactical" move, citing the resilient outlook for U.S. economic growth, which will make it difficult for the Federal Reserve to cut interest rates significantly. The strategist team wrote in the report: "With strong economic fundamentals, once Kevin Walsh's nomination is confirmed and he takes over as Fed Chair, it will be very difficult for him to influence the Federal Open Market Committee (FOMC) decisions." The U.S. will release a key inflation report on Friday, which may provide clues for the Fed's next steps. If it shows easing price pressures, demand for short-term, policy-sensitive Treasuries may rise. Treasury yields fluctuated this week, influenced by a tech stock sell-off and strong U.S. employment data, sparking market discussion on how Trump's nominee for the next Fed Chair, Walsh, will handle policy. (Jin10)
03:18
Hyperliquid announces that the HIP-3 cross-margin feature is now live on the testnet
BlockBeats News, February 13, according to official sources, Hyperliquid announced that the cross-margin feature for HIP-3 permissionless perpetual contract markets is now live on the testnet, but has not yet been launched on the mainnet. However, this feature qualifies for the mainnet-level bug bounty program. The deployer of HIP-3 must first enable cross-margin for a specific asset before users can use that asset for cross-margin trading. Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin, even across multiple DEXs. However, assets on different DEXs will be protected up to their maintenance margin level to avoid forced liquidation caused by significant price fluctuations on other DEXs. This new "protective cross-margin" system ensures the solvency of the system while not affecting the user experience. Cross-margin is not designed for DEX abstract interfaces, and related interfaces should not allow cross-margin trading through DEX abstraction. Users should use unified accounts or portfolio margin to achieve the expected cross-margin behavior for HIP-3 assets.
03:05
JPMorgan is bearish on two-year US Treasury bonds due to cautious outlook on Federal Reserve interest rate prospects
Glonghui, February 13th|JPMorgan strategists recommend selling two-year U.S. Treasury bonds as a "tactical" move, citing the continued resilience of U.S. economic growth, which will make it difficult for the Federal Reserve to implement significant rate cuts. The team of strategists wrote in their report: "With strong economic fundamentals, once Kevin Warsh's nomination is confirmed and he takes over as Federal Reserve Chairman, it will be very difficult for him to influence the decisions of the Federal Open Market Committee (FOMC)." The U.S. will release a key inflation report on Friday, which may provide clues for the Fed's next move. If the data shows that price pressures have eased, demand for short-term, policy-sensitive Treasury bonds may rise. This week, Treasury yields have experienced volatility, affected by a sell-off in tech stocks and strong U.S. employment data, sparking market discussions on how Trump's nominee for the next Fed Chair, Warsh, will handle policy.
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