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🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
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U.S. Treasury auction demand becomes a key variable: strong demand may suppress yields and save the dollar.
On May 26, Pepperstone analyst Chris Weston said that after the U.S. 30-year Treasury yield recently rose to the highest level since late 2023, investors will pay close attention to the upcoming U.S. Treasury auction, when the level of demand may affect the trend of Treasuries and the dollar. The U.S. is scheduled to auction $69 billion in two-year Treasuries on Tuesday, $70 billion in five-year Treasuries on Wednesday and $44 billion in seven-year Treasuries on Thursday. In a note, Weston noted that strong demand in this week's auctions could help ease market anxiety, prompting Treasury yields to retreat and pushing the dollar back. However, he said that weaker demand, especially from foreign institutions, would reignite concerns about the US debt problem, leading to higher yields and a weaker dollar.