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11:21
Morgan Stanley: If U.S. inflation is lower than expected, the dollar may decline
Jinse Finance reported that Morgan Stanley strategists stated in a report that, historically, after a strong non-farm payroll report, if inflation data comes in below expectations, it tends to trigger the largest decline in the US dollar. "In this scenario, the dollar's drop suggests that strong US growth signals, when not accompanied by rising inflationary pressures, create a 'Goldilocks' combination for risk appetite." These strategists noted that this would support risk-sensitive currencies strengthening against the dollar. They also indicated that the inflation swap market suggests the January inflation report, scheduled for release at 13:30 GMT, may come in below expectations. Prior to this, Wednesday's non-farm payroll data exceeded expectations. The DXY US Dollar Index recently rose by 0.15%, quoted at 97.07.
11:18
Alameda Research has transferred the ZRO swapped yesterday to the Wintermute address
BlockBeats News, February 13th, according to Onchain Lens monitoring, Alameda Research transferred the ZRO exchanged yesterday to the Wintermute address 12 hours ago. Yesterday's news, after LayerZero announced plans to launch the L1 public chain Zero, Alameda Research's liquidation address exchanged its holdings of 129 million STG (12.9% of the total STG supply) for 11.142 million ZRO (approximately $24.29 million) 2 hours ago.
11:14
The US Treasury yield curve flattens, risk assets come under pressure, and the US dollar rises slightly.
⑴ On Friday, U.S. Treasury prices edged down slightly, with the yield curve further flattening. As of 18:58 (UTC+8), the March contract for 10-year Treasury futures was trading at 112-22, with an intraday range of 112-21 to 112-28. The yield spread between 10-year U.S. Treasuries and German Bunds remained unchanged at 134.5bp. ⑵ Risk assets generally weakened, with the S&P 500 Index down 0.2% and the Euro Stoxx 50 Index down 0.1%. In Asian markets, the Nikkei 225 Index closed down 1.2%, and the CSI 300 Index fell 1.3%. ⑶ The Japanese yen weakened against the U.S. dollar to 153.37, the euro was quoted at 1.1856, and the pound at 1.3614. The U.S. Dollar Index edged up to 97.03. Gold rose slightly to $4,942.86, and crude oil was quoted at $67.77. ⑷ In terms of capital flows, U.S. Treasuries saw active trading but the yield curve flattened, reflecting the market's expectation for short-term rates to stabilize while remaining cautious about long-term growth prospects. Risk assets came under pressure simultaneously, indicating a rise in risk aversion sentiment. ⑸ Looking ahead, attention should be paid to the further guidance of U.S. inflation data on the curve's shape. If core PCE exceeds expectations, long-end yields may face upward pressure and the flattening trend of the curve may pause temporarily.
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