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The goal is to regulate the bond market supply and boost liquidity as the Federal Reserve prepares for an imminent interest rate cut.
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JUST IN: ๐ JP Morgan says Institutions bought the dip while Retail panic-sold aggressively.
Retail sold -$1 BILLION
-2.5 standard deviations BELOW the 12m average
Institutions bought +$14 billion
+2.9 std dev ABOVE the 12m average
@Fin_Watch
Retail sold -$1 BILLION
-2.5 standard deviations BELOW the 12m average
Institutions bought +$14 billion
+2.9 std dev ABOVE the 12m average
@Fin_Watch
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๐ฏ๐ต Bank of Japan to hold emergency meeting to discuss International Financial Markets - Reuters
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๐ฎ๐ท Iran has called an emergency meeting of the Organization of Islamic Cooperation for Wednesday.
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@Fin_Watch
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@Fin_Watch
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๐บ๐ธ Newsweek reports that Kamala Harris now leads Trump 'across all national poll aggregators'.
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JUST IN: ๐บ๐ธ US Mortgage rates plunge to lowest level in over a year as recession fears grip markets.
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๐ฎ๐ณ The Indian government has clarified that it has no intentions to regulate the sale and purchase of cryptocurrencies.
Despite implementing a taxation system for crypto profits, there are no plans to regulate crypto trading in India.
@Fin_Watch
Despite implementing a taxation system for crypto profits, there are no plans to regulate crypto trading in India.
@Fin_Watch
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@Fin_Watch
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BREAKING: ๐บ๐ธ Warren Buffett now owns more T-bills than the Federal Reserve, per CNBC
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๐ฆ๐บ Australia's Reserve Bank holds rates steady at 4.35% due to concerns about global markets.
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๐จ๐ญ Switzerland to consider imposing a 50% inheritance tax on amounts over 50 million francs (roughly $59 million)
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@Fin_Watch
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