Global TradFi & Macroeconomics

According to analysts Yulia Zhestkova Grigsby and Daan Struyven, Goldman Sachs adjusted its trading strategy on September 16, moving focus from diesel to gasoline as global fuel supply tightness widens. The bank cited refiners redirecting production from gasoline to diesel, rapidly tightening the ga

According to Jin10, Japan's 2-year government bond yield rose to 1.865% on Thursday, reaching its highest level since April 1995. The increase was driven by the Federal Reserve's hawkish rate hike outlook and expectations that the Bank of Japan will raise rates by 25 basis points to 1.25% on

U.S. spot Bitcoin and Ethereum exchange-traded funds recorded combined net outflows of $520 million on September 16, according to finalized Farside Investors data. The withdrawals extended institutional selling as crypto markets absorbed the Federal Reserve's first interest-rate increase in three

The Bank for International Settlements (BIS) found that term premium increases accounted for nearly half of the recent rise in US 10-year Treasury yields, according to a quarterly review report released recently. The analysis, covering the period from June 1 to this month's 3rd, showed that the term

Nick Timiraos, a Wall Street Journal reporter known as the Federal Reserve's unofficial spokesperson, analyzed that Fed officials' long-run interest rate projections have been revised upward. On September 16, Timiraos compared the Fed's Summary of Economic Projections (SEP) from two years ago when r

According to Nick Timiraos (Wall Street Journal), Federal Reserve officials significantly revised their long-term interest rate expectations on September 16. Two years ago, 10 of 19 policymakers expected long-term rates to stabilize below 3%; now only 1 official holds that view, while 11 now

According to its quarterly review report released today, the Bank for International Settlements (BIS) attributed roughly 40% of the U.S. 10-year Treasury yield increase since early June to rising term premium. The term premium rose approximately 10 basis points over the June 1 to September 3

Hong Kong Monetary Authority cut its base rate by 25 basis points to 4.25% this morning, September 17. Simultaneously, China's central bank conducted 762 billion yuan in open market reverse repos, with a net injection of 159 billion yuan for the day. In mainland markets, the three major A-share

This morning, China's A-share indices surged early but retreated by midday, with agricultural and CRO-related stocks bucking the trend. Yushu Technology surged over 5%, with its market cap returning above 200 billion yuan. In Hong Kong, the Hang Seng Index and Hang Seng Tech Index fell over 0.7%,

According to Financial Times, on September 17, the yen weakened over 1.1% after the U.S. Federal Reserve implemented its first rate hike in three years, the first since 2023. The dollar strengthened 0.7% against a basket of major trading partners' currencies. Mitul Kotecha, head of Asia FX and

According to The Economist, citing analysis by MIT professor Lira Mota and Stanford professor Hanno Lustig released on September 16, the convenience yield on U.S. Treasuries has essentially disappeared since July. Convenience yield represents the premium investors are willing to forgo for holding

According to Bernstein's Sept. 16 report, the CLARITY Act failed its procedural vote with no expectation of a re-vote. The firm recommends buying crypto stocks on weakness, with price targets of $160 for Robinhood (HOOD), $140 for Circle (CRCL), and $70 for Figure (FIGR). Robinhood's on-chain

According to Bloomberg Chief Economist Anna Wong, Fed Chair Powell outlined three key metrics he is monitoring to assess economic conditions and inflation: the share of PCE components with inflation above 3%, the second derivative of AI capital spending (whether investment growth is accelerating or

According to DBS Group Research chief economist Taimur Baig, reported by Jin10 on September 17, the Federal Reserve may raise interest rates two more times during the current cycle—in the remainder of 2026 and early 2027. Baig noted that the Fed's September rate hike lays the foundation for

According to ChainCatcher, CoinShares PLC (Nasdaq: CSHR) shareholders approved all resolutions at a special shareholders meeting on September 15, 2026. The approvals include authorization to repurchase up to 25% of outstanding common shares and implementation of the CoinShares PLC 2026 Equity

According to SoSoValue data cited by ChainCatcher, Ethereum spot ETFs saw net outflows of $224 million yesterday (September 16). BlackRock's ETHA experienced the largest single-day outflow at $110 million, though it has accumulated $12.886 billion in net inflows historically. Fidelity's FETH

According to CEO David Solomon speaking at the Barclays Global Financial Services Conference on September 16, Goldman Sachs expects its third-quarter fixed income, currencies, and commodities (FICC) business to weaken, while its equity division remains strong. Solomon also indicated that Q3 costs

According to BlockBeats, on September 17, Macquarie forecasts the U.S. Federal Reserve will raise interest rates by a total of 50 basis points, with increases of 25 basis points each in December 2026 and

According to The Wall Street Journal, OpenAI has begun preliminary discussions for a new funding round with a potential valuation exceeding $1.2 trillion. The news comes amid recent concerns about AI development slowdown following remarks from industry leaders over the weekend. Oracle and