After the inflation data for July was released, short-term U.S. Treasury yields fell in response, while swap contract traders raised the probability of a rate cut in September to 90%. Even more notably, market bets on the Fed cutting rates by more than 25 basis points in September are also heating up. On that day, traders added approximately $2 million in premiums to positions related to the Secured Overnight Financing Rate (SOFR), which would profit from an unexpectedly large rate cut. "Today's (Tuesday) inflation data is slightly stronger than in previous months, but far below the levels of concern for many," said Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, in a research report. "Therefore, we expect the Fed to initiate a rate cut in September, and there is even a reasonable basis for a 50 basis point cut." Additionally, the Goldman Sachs trading and research team had previously stated that the market underestimated the possibility of a 50 basis point rate cut by the Fed in September. #比特币市值超越亚马逊#