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The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 2024 lows. We ...
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Bitcoin is on the verge of entering a “parabolic run”, fueled by increasing inflows into U.S. spot Bitcoin exchange-traded funds (ETFs), according to crypto analysts. Spot Bitcoin ETFs have witnessed positive flows for 19 straight days, with close to $1.7 billion coming this week alone, according to data from Farside Investors. Analysts say if this trend ...