ChainCatcher news, according to Aggr News, Fidelity will launch a tokenized fund for investing in U.S. Treasury bonds, competing with BlackRock's BUIDL.

ChainCatcher news, according to Wall Street Journal reporter and "Fed whisperer" Nick Timiraos, Federal Reserve officials will consider adjusting their $6.8 trillion asset reduction policy. For the past three years, the Fed has been reducing its holdings of U.S. Treasury and mortgage-backed securities accumulated during previous stimulus programs, including measures to stabilize the market during the pandemic in 2020.Currently, the Fed may choose to pause or slow down this tapering process. This move aims to avoid a repeat of the situation in 2019, when balance sheet reduction led to stress in the overnight funding market, forcing the Fed to pivot and expand its holdings.Roberto Perli, the executive in charge of overseeing the balance sheet at the New York Fed, stated this month that pausing the tapering would be a "tactical decision" that "would not change the ultimate goal." RBC Capital Markets interest rate strategist Blake Gwinn pointed out that pausing the tapering makes sense because "the debt ceiling will distort these signals."Currently, the Fed allows up to $25 billion in Treasuries and $35 billion in mortgage-backed securities to mature each month without reinvestment. As holdings decrease, bank reserves also decline. However, the debt ceiling issue could interfere with this process, as the Fed is also the government's banker.Analysts expect that the Fed may pause the tapering for several months until the debt ceiling is raised and the Treasury rebuilds its cash balance before resuming. Gwinn stated that if the economy worsens, this "pause" could also turn into a "stop," prompting officials to terminate this form of policy tightening.

ChainCatcher news, Pepperstone strategist Michael Brown stated in a report that due to concerns about the U.S. economy losing momentum under Trump's leadership and increasing policy uncertainty, the dollar has fallen alongside U.S. Treasury yields.The Trump administration is doubling down on the idea of trading short-term economic pain for long-term gains, and the persistently weak sentiment has driven yields lower, putting pressure on the dollar, "with a broader flight from dollar-denominated assets also playing a role." Meanwhile, the market will focus on the U.S. job openings data to be released tonight; if the data is weak, it will exacerbate the existing market tension regarding diminishing economic momentum.

ChainCatcher news, according to The Block, stablecoin company Noble has launched a yield-bearing stablecoin USDN and introduced a new "points" program to provide users with another way to earn yields.USDN programmatically distributes the earnings generated from its holdings of short-term U.S. Treasury bonds to developers, application builders, validators, wallets, and trading platforms, thereby "creating a brand new incentive alignment model."

ChainCatcher news, according to Jinshi reports, Buffett published his annual shareholder letter, in which he mentioned that the value of tradable stocks held last year decreased from $354 billion to $272 billion, but the value of non-listed equity holdings increased and remains far above the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks—mainly U.S. stocks, although many of these companies have significant international operations. Berkshire will never be more inclined to hold cash equivalents and give up holding equity in quality businesses, whether controlling or partial stakes.In 2024, Berkshire's performance exceeded expectations, despite 53% of its 189 operating companies reporting a decline in earnings. Due to the increase in U.S. Treasury yields, there was a significant increase in holdings of these highly liquid short-term securities, resulting in a foreseeable substantial increase in investment income.Berkshire has been continuously increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are at fixed rates, with no "floating rate" borrowings. There is no forecast for future foreign exchange rate trends, thus striving to maintain a nearly neutral position in terms of currency.

ChainCatcher news, according to The Block, Bitwise's Head of Research for Europe, André Dragosch, stated that Bitcoin and gold are gaining market attention against the backdrop of a macroeconomic environment suggesting a potential shift in the dominance of the dollar.As the largest overseas holders of U.S. debt, China and Japan are reducing their holdings of U.S. Treasury bonds, raising concerns about the long-term demand for U.S. government bonds. Dragosch revealed that some foreign central banks have inquired with Bitwise in the U.S. about the possibility of shifting part of their U.S. bond investments to Bitcoin spot ETFs, and the Czech National Bank is also considering similar measures.

ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino stated that "picky" JPMorgan analysts underestimated the company's $20 billion group equity when analyzing its reserves. He also mentioned that Tether is confident in adapting to U.S. stablecoin regulations.Paolo Ardoino explained, "Even in the most extreme cases, JPMorgan overlooks the fact that Tether Group's equity is worth over $20 billion in other highly liquid assets and generates more than $1.2 billion in profits each quarter through U.S. Treasury bonds."

ChainCatcher news, according to Jin Shi reports, "new bond king" Gundlach stated that the Federal Reserve's upcoming interest rate decision is the most predictable "hold steady" in recent years. However, despite the vast majority expecting the Federal Reserve to maintain stable rates at this week's meeting, traders have increased their bullish bets on U.S. Treasuries, hoping that Fed Chairman Powell will signal a possible rate cut at the March meeting.Gundlach stated that Powell's press conference should focus on the dual mandate of price stability and full employment, "the relationship between the two is currently under tension, making it more prominent than ever."

ChainCatcher news, according to Jinshi reports, the yield on the U.S. 2-year Treasury bonds has widened its increase, rising by 13 basis points during the day.

ChainCatcher news, Coindesk analyst James Van Straten stated that the cryptocurrency market has been in a bull market since the end of 2024, but the trend of rising global government bond yields seems to have become undeniable.The yield on the U.S. 10-year Treasury bond is considered the global standard benchmark, and as of Wednesday, this yield has risen to 4.70%, close to a multi-year high, having increased by more than 100 basis points since the Federal Reserve first cut the federal funds rate in September.Meanwhile, the yield on the 30-year UK government bond rose to 5.35% this Wednesday, the highest level since 1998. Since the Federal Reserve's first rate cut in September, this yield has increased by 105 basis points.

ChainCatcher news, according to Jinshi reports, the Chief Economist of ANZ Greater China, Yang Yuting, mentioned at the 2025 China Chief Economist Forum Annual Meeting that the current U.S. public debt has reached 36 trillion, exceeding the 31.4 trillion cap. "In the past two years, the debt has increased by 2 trillion each year. Unless Musk can really help him reduce the U.S. deficit and decrease U.S. debt, I think there is a high possibility that the U.S. federal government will face a shutdown, which will also bring a certain degree of impact on the U.S. economy."

ChainCatcher news, this week, the Federal Reserve finally confirmed the long-anticipated "pivot" by the market. The central bank's statement and update on economic forecasts this week had a significant impact on the market. Market participants currently expect the Federal Reserve to cut interest rates by about 40 basis points by December 2025, leading to a rise in U.S. Treasury yields. Earlier this week, Bitcoin fell from its historical high, and on Friday during the European session, Bitcoin continued its downward trend, approaching $95,000 at one point. Earlier, Bitcoin had just set a new historical high of over $108,000, and this round of decline in the crypto market has had a greater impact on altcoins such as Ethereum and Dogecoin.Additionally, U.S. exchange-traded funds (ETFs) that directly invest in Bitcoin also ended a 15-day streak of inflows this week, recording an outflow of $680 million, highlighting the shift in market sentiment.

ChainCatcher news, Pepperstone analyst Michael Brown stated that the market seems to be overreacting to the messages from Federal Reserve Chairman Powell. The senior research strategist mentioned in a report that the market currently expects only 31 basis points of rate cuts from the Federal Reserve in 2025. The U.S. Treasury market reacted to signals of the Federal Reserve slowing down its rate cut pace, leading to a subsequent sell-off.Data from Tradeweb shows that the yield on the two-year U.S. Treasury note fell by about 1.5 basis points to 4.342%, while the yield on the ten-year U.S. Treasury note rose by about 2 basis points to 4.522%.

ChainCatcher news, according to data from RWA.xyz, the total value of tokenized U.S. Treasury bonds exceeds $3 billion.The total market value of tokenized assets in 2024 has grown by 32%, with tokenized U.S. Treasury bonds up 179%, private credit up 40%, and commodities up 5%.

ChainCatcher news, according to Jinshi reports, U.S. Treasury yields rose before the Federal Reserve's decision announcement. However, the economic data released that day showed that U.S. new housing starts declined both month-over-month and year-over-year, which led to a slight decrease in Treasury yields.The current market expects the Federal Reserve to cut rates by 25 basis points and suggests a pause in rate hikes in January, increasing the hawkish tone. Affected by this expectation, the settlement price of the 10-year U.S. Treasury yield may reach its highest level in over a month.

ChainCatcher news, according to Jinshi reports, data from the U.S. Department of Labor shows that the number of initial jobless claims increased last week. The number of initial jobless claims in the U.S. for the week ending November 30 was recorded at 224,000, compared to 215,000 the previous week. Economists surveyed by the Wall Street Journal had previously expected the number of initial jobless claims for the most recent week to be 215,000. Meanwhile, the number of people continuing to receive unemployment benefits fell to 1.87 million, down from 1.90 million the previous week. The data indicates that while initial jobless claims have risen, they remain relatively stable. The November employment report will be released on Friday. Analysts expect that after the October employment data was affected by hurricanes and the Boeing strike, the November employment report will show a significant recovery in employment.After the U.S. initial jobless claims data suggested a potential softening in the labor market, U.S. Treasury yields lost some momentum, and the dollar weakened, which strengthened the case for a Federal Reserve rate cut. Last week's initial jobless claims were 224,000, higher than the expected 215,000. The non-farm payroll numbers for November, expected to be released tomorrow, are projected to jump from 120,000 in October to 214,000. The trade deficit for October narrowed to $73.8 billion, in line with expectations. The 10-year U.S. Treasury yield stood at 4.208%, while the 2-year yield was at 4.161%, both higher than yesterday.

ChainCatcher news, according to Cointelegraph, the digital securities exchange Bitfinex Securities is conducting the first public offering of tokenized U.S. Treasury bills (T-bills) under the legal framework of El Salvador. As part of this issuance, the El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token with the trading code USTBL. This token aims to provide investors with an opportunity to invest in short-term U.S. Treasury bills denominated in U.S. dollars (USD).The initial offering by Bitfinex Securities aims to raise at least $30 million to continue the issuance of tokens, with the initial subscription period starting on November 19, 2024, and ending on November 29. According to Bitfinex Securities, this sale is the "first regulated" tokenized U.S. Treasury product based on Bitcoin technology. The new token will be issued on the Bitcoin Layer 2 network Liquid Network, and it is expected to provide an annualized yield to maturity of 5.02%. Proceeds from this issuance will be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which is a publicly listed ETF designed to track the investment results of an index composed of U.S. Treasury bonds denominated in U.S. dollars issued by the U.S. Department of the Treasury.