Treasury bonds rally as dollar index sinks to 98.8

The post DXY: Dollar risks upside break – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s Elias Haddad notes that resilient US growth and sticky PCE inflation keep the Dollar supported despite improved risk sentiment from progress on a US-Iran deal. Dollar Index poised for range break “We are sticking to our view the dollar index (DXY) risk overshooting the upper end of its nearly one year 96.00-100.00 range in the near term. Resilient US economic activity in both absolute and relative terms outweigh the drag to USD from easing geopolitical fears.” “Both headline and core PCE inflation are overshooting the FOMC’s 2026 projection of 2.7%. Moreover, core services less housing PCE printed for a second straight month at 3.5% y/y in April, well above the level consistent with a sustained return to the Fed’s 2.0% target.” “The Atlanta Fed GDPNow model real GDP growth estimate for Q2 cooled but continues to point at above-trend growth. GDPNow suggests the US economy will ex

Pi Network is trading near $0.15 today, and the real question is whether a GENIUS Act-style shift toward regulated, reserve-backed digital dollars would cap its upside or finally give it a credible path to parity with the U.S. dollar. Pi…

Falcon Finance has launched a new institutional payment stablecoin, fUSD, with Anchorage Digital Bank and Ceffu, pitching it as a compliant, non-yielding dollar token backed by U.S. Treasuries for regulated clients. Falcon Finance has announced the joint launch of fUSD,…

The post US Dollar: Supported by higher yields and data – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum. Short-end Treasury yields broke above 4%, while the 10-year yield reached a 10‑month high, underpinning the Dollar’s performance. Firm US data and yields back Dollar “And in turn, 2yr Treasury yields (+3.9bps) rose above 4% for the first time since June 2025.” “The moves were more muted further out the curve however, with the 10yr Treasury yield (+1.3bps) inching up to a 10-month high of 4.48%.” “Elsewhere, markets got further support from a robust batch of US data. In particular, retail sales showed signs of resilience, with the headline measure up +0.5% in April as expected.” “And in turn, the Atlanta F

The post US Dollar Index: Range-bound outlook with fiscal risks – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar index (DXY) is consolidating near its 200-day moving average and is expected to stay within the 96.00-100.00 range. The firm highlights a supportive US macro backdrop for USD, but warns that rising Treasury yields and strained fiscal credibility pose a headwind. Markets fully price one 25bps Fed hike over the next year. Dollar supported but capped by fiscal strain “The dollar index (DXY) is consolidating recent gains near resistance at its 200-day moving average. The US macro backdrop (high inflation, stable labor demand) argues for the Fed to stay restrictive for longer which is USD supportive. The swaps curve virtually fully prices a 25bps Fed funds rate hike in the next 12 months.” “In parallel, US fiscal credibility is increasingly under strain as 10-year Treasury yields move closer to the roughly 5.3% pace of nomin

Russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as Western sanctions and geopolitical pressures deepen, according to a new report. The Rise of the Petroyuan The global financial landscape is undergoing a tectonic shift as the conflict between the West and a growing coalition of sanctioned […]

The post JPMorgan Files JLTXX Tokenized Treasury Fund on Ethereum appeared on BitcoinEthereumNews.com. JPMorgan filed JLTXX, a tokenized money market fund backed by U.S. Treasuries on Ethereum. Ethereum gained further institutional attention as firms expanded tokenized Treasury activity. IMF warned that tokenized markets may face legal and settlement risks during stress conditions. JPMorgan expanded its blockchain-based finance operations after filing for a new tokenized money market fund intended to support stablecoin reserve management under the proposed GENIUS Act framework. The filing also added to growing institutional activity linking stablecoin liquidity with tokenized U.S. Treasury products on Ethereum. The bank’s asset management division submitted paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, which will trade under the ticker JLTXX. According to the filing, the fund will issue digital tokens on the Ethereum blockchain that represent ownership in a port

A four-firm pilot settling the first cross-border, cross-bank redemption of tokenized U.S. Treasuries on the XRP Ledger extended a rally sparked by Ondo's seat at the DTCC’s tokenization table.