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5.6 How to plan for Bitcoin later
The U.S. labor market has cooled, but U.S. bond traders welcome it, and the long-awaited full rebound seems to be coming.
Last Friday, the non-farm report showed unexpectedly weak employment and wage growth in the United States, which complemented the evidence of slowing economic growth. Federal Reserve Chairman Powell also avoided the need for rate hikes, suggesting that rate cuts will be made as soon as possible. Investors have increased their bets on loose policies this year, and the 2-year Treasury yield, which is sensitive to the Fed's interest rate policy, led the market. However, inflation remains a thorny issue and may limit the Fed's actions, causing U.S. Treasury yields to remain in the recent range.
This week, $67 billion in 10-year and 30-year U.S. Treasury bonds will be auctioned, testing the demand for longer-term U.S. Treasury bonds, which have deteriorated among some investors. Although the market is relieved, it is not firm in the belief that interest rates will fall sharply. Short-term U.S. Treasury bonds such as 2-year and 5-year bonds may outperform long-term U.S. Treasury bonds.
Now market pricing reflects the expectation of almost two rate cuts, but inflation and the scale of long-term Treasury auctions remain unknown.
On May 1, a message was posted suggesting that the spot price should be bought at around 56,200. As for the futures contracts, just bring a moving stop loss. The current price is around 64,000. There is strong pressure above 64,700. It may not be easy to break through effectively for a while. It is recommended to enter the market after the price falls back. As for the futures on the train, you can keep your position or reduce your position. For short positions, pay attention to around 62,600, or participate in long orders with a light position around 63,800. #美联储何时降息？
The U.S. labor market has cooled, but U.S. bond traders welcome it, and the long-awaited full rebound seems to be coming.
Last Friday, the non-farm report showed unexpectedly weak employment and wage growth in the United States, which complemented the evidence of slowing economic growth. Federal Reserve Chairman Powell also avoided the need for rate hikes, suggesting that rate cuts will be made as soon as possible. Investors have increased their bets on loose policies this year, and the 2-year Treasury yield, which is sensitive to the Fed's interest rate policy, led the market. However, inflation remains a thorny issue and may limit the Fed's actions, causing U.S. Treasury yields to remain in the recent range.
This week, $67 billion in 10-year and 30-year U.S. Treasury bonds will be auctioned, testing the demand for longer-term U.S. Treasury bonds, which have deteriorated among some investors. Although the market is relieved, it is not firm in the belief that interest rates will fall sharply. Short-term U.S. Treasury bonds such as 2-year and 5-year bonds may outperform long-term U.S. Treasury bonds.
Now market pricing reflects the expectation of almost two rate cuts, but inflation and the scale of long-term Treasury auctions remain unknown.
On May 1, a message was posted suggesting that the spot price should be bought at around 56,200. As for the futures contracts, just bring a moving stop loss. The current price is around 64,000. There is strong pressure above 64,700. It may not be easy to break through effectively for a while. It is recommended to enter the market after the price falls back. As for the futures on the train, you can keep your position or reduce your position. For short positions, pay attention to around 62,600, or participate in long orders with a light position around 63,800. #美联储何时降息？
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