Trading Stock Nears Buy Point. Here Is Why This Growth Stock Is A Low-Volatility Play.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 hours ago
- Yahoo
Wall Street Firms Complete First 24/7 U.S. Treasury Financing Via Tokenization on Canton Network
Digital Asset and a group of major financial firms have executed the first real-time, fully on-chain financing of U.S. Treasuries against USDC on the Canton Network. The repo trade, carried out on Tradeweb, settled atomically on a Saturday, sidestepping the weekday-only limitations of traditional settlement systems, according to a press release shared with CoinDesk on Tuesday. Prime brokers converted U.S. Treasuries held at the Depository Trust & Clearing Corporation (DTCC) into tokenized assets on Canton, then used them as collateral for USDC-backed financing. The Canton Network is a privacy-focused blockchain developed by Digital Asset. Institutions involved in the transaction include Bank of America (BAC), Circle (CRCL), Citadel Securities, Cumberland DRW, DTCC, Hidden Road, Societe Generale, Virtu Financial and Tradeweb. Most of these firms invested in Digital Asset in its $135 million fundraising round in June. Tokenization of government debt, a crucial collateral asset in global markets, is part of a broader push to bring financial instruments, or real-world assets, onto blockchains. Global banks and asset managers explore tokenization to cut settlement times, increase transparency and keep markets open around the clock. Participants in the Canton transaction said it marks a step toward a unified market structure blending traditional finance's scale with the programmability of decentralized blockchain rails. They plan more transactions later this year. "[The transaction] demonstrates how market participants can unlock real-time collateral mobility and round-the-clock financing using assets on chain, which lays the groundwork for a fundamentally more efficient and accessible global financial system," Kelly Mathieson, chief business development officer at Digital Asset, said in a in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
a day ago
- Bloomberg
Treasuries Go 24-7 as Repo Trade Hits Blockchain on a Saturday
In a twist on Wall Street's traditional market plumbing, some of the biggest names in finance used a crypto blockchain to trade US Treasuries for digital dollars — on a Saturday. The deal, carried out on the Canton Network through Tradeweb, hints at a future where trading is no longer confined to the standard business week. Canton, a public blockchain developed by Digital Asset Holdings, was used as the rails of the transaction, allowing a standard US Treasury repurchase agreement, or repo trade, to happen outside of normal market hours. The on-chain transaction bridges the traditional asset class with crypto, which operates around the clock.
Wall Street Journal
a day ago
- Wall Street Journal
Treasury Yields Rise Ahead of U.S. Inflation Data
0721 GMT – Treasury yields rise ahead of U.S. inflation data for July at 1230 GMT. Recent weak jobs data caused investors to anticipate that the Federal Reserve could cut interest rates in September. However, tariffs are expected to increase inflation. Higher-than-expected data could question rate-cut prospects and cause yields to rise. ING rates strategists say markets could show little reaction if Tuesday's data match expectations, but investors will remain wary of inflation risks in the coming months. Economists in a WSJ survey forecast annual CPI inflation at 2.8% in July, versus 2.7% in June. The 10-year Treasury yield rises 1.4 basis points to 4.287%, while the 2-year Treasury yield rises 2 basis points to 3.774%, Tradeweb data show. ( 0739 GMT – Yields on U.K. government bonds rise after labor market data showed some resilience. The U.K. estimate of payrolled employees fell modestly by 8,000 in July. This small decline shows that the U.K.'s weak labor market may be improving, ING's James Smith says in a note. The lack of significant deterioration lowers the possibility of fast interest-rate cuts by the Bank of England. A combination of better jobs data and higher-than-expected inflation data next week could cast doubts over whether the BOE will cut rates in November, Smith says. The 10-year gilt yield climbs 3 basis points to 4.597%, Tradeweb data show. (
