Economist Mohamed El-Erian predicts the ongoing sell-off of global government bonds will persist due to rising yields and a lack of reliable buyers, especially for U.S. Treasurys. Key traditional holders like China, Japan, and Gulf countries are less willing or able to buy, while new issuance outpaces demand. He highlights sovereign debt risks in the U.K., Japan, and France, noting shifts in European bond market focus from Italy to France. This imbalance is driving interest rate pressures beyond inflation or Federal Reserve credibility concerns.
Robinhood Chain, a two-month-old Ethereum Layer 2 blockchain, generated $4.01 million in daily revenue on Sept. 2, surpassing Solana, Ethereum, and Tron. This surge is driven mainly by memecoin launchpad Pons and trading bot GMGN, not the tokenized s...
Bitcoin surged 6.8% to $82,200, its highest level since May, following dovish comments from Federal Reserve Governor Christopher Waller that reduced expectations of a September rate hike. This shift weakened the US dollar and boosted risk assets, lif...
PIMCO Dynamic Income Fund (PDI) offers a high 17% yield and currently trades at a discount to its net asset value (NAV), which historically signals a buying opportunity. However, the fund's distribution payout is structurally too high, with net inves...
Bottomline has partnered with Chainlink to connect its $16 trillion annual payments network to public and private blockchains, allowing over 600 bank customers to access blockchain payment rails while continuing to use the ISO 20022 messaging standar...
Arrow Exploration Corp achieved a record production rate exceeding 6,000 barrels of oil equivalent per day, boosted by its recent Thorsby field acquisition and drilling work. The IC-6 well at its Icaco field in Colombia was repurposed for water dispo...
