QCP: Global asset volatility drops, US Treasury yields retreat, and the cryptocurrency market may see new structural buying.

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According to the latest market report released by QCP, global financial markets have entered a relatively calm period, with the volatility of most asset classes continuing to drop, and the market's reaction to negative news has also significantly weakened. This trend suggests that investors' risk appetite may be changing, and market sentiment is gradually stabilizing.
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U.S. Treasury yields drop
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Last week, U.S. Treasury yields fell back after concerns over fiscal issues triggered by the "Inflation Reduction Act." Specifically, the 10-year Treasury yield has dropped below 4.5%, and the 30-year Treasury yield has also fallen below 5.0%. Meanwhile, Japan's 30-year Treasury yield has retreated below 3%, but it remains at a historically high level.
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Market focus shifts to government bond issuance.
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The market's focus is shifting towards the June U.S. Treasury bond auction and the 40-year bonds issued today by the Japanese Ministry of Finance. These key events will provide important guidance for the direction of the global bond market.
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Trends in the Crypto Assets field
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In the field of Crypto Assets, Senator Lummis's extensive remarks on stablecoins and Bitcoin as strategic reserves have reignited market hopes for progress in Crypto Assets policy. Furthermore, Trump Media plans to raise $2.5 billion and join the ranks of companies establishing Bitcoin reserves. If this trend achieves scale effects, it may attract more companies to follow suit, bringing new structural buying pressure to the Crypto Assets market.
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Macroeconomic Observation
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The current economy is in a "moderate" state, and the impact of the tariff policies introduced last month has not yet fully manifested, which is expected to be adequately reflected in economic data by the third quarter.
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Summary
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QCP's analysis shows that the decline in global financial market volatility and the retreat of U.S. Treasury yields reflect subtle shifts in market sentiment. At the same time, policy developments in the Crypto Assets space and corporate Bitcoin reserve trends may present new opportunities for the market. These dynamics are worth close attention from investors to better seize future market opportunities.