ChainCatcher news, according to Jinshi reports, the Ministry of Finance has decided to carry out support operations for government bond market making. The operation direction is to sell, with 1.26 billion yuan of the 2024 book-entry interest-bearing (16th issue) government bonds and 530 million yuan of the 2024 book-entry interest-bearing (19th issue) government bonds. The competitive bidding time is December 17.

ChainCatcher news, according to Jinshi reports, LBBW analyst Elmar Voelker stated in a report that the interest rate decision at the Federal Reserve's meeting next week is not as clear-cut as the forward rates suggest."In our view, the recently released U.S. macroeconomic data does not provide a clear template for the upcoming interest rate decision," said the seasoned fixed-income analyst. Voelker noted that from the perspective of bond market participants, "a rate cut in December and a pause in January" is not much different from "a pause in December and a rate cut in January."LSEG data shows that the money market believes there is a 94% chance of a 25 basis point rate cut by the Federal Reserve next week, while the probability of maintaining the current rate is 6%.

ChainCatcher news, according to Jinshi Data, due to the impact of the U.S. Thanksgiving holiday (Thursday), the trading hours in the U.S. will be shortened this week. The U.S. stock and bond markets will be closed on November 28 (tomorrow) and will close early on November 29 (Friday).Futures contracts for precious metals, crude oil, foreign exchange, and stock indices under the Chicago Mercantile Exchange (CME), as well as Brent crude oil futures contracts under the Intercontinental Exchange (ICE), will close early on November 28 and 29.This adjustment in trading hours will affect multiple financial products, including Bitcoin futures. Investors are advised to make appropriate arrangements in advance and pay attention to position management.

ChainCatcher news, according to Jinshi reports, since Trump has taken the lead in the prediction market and won his second term on Tuesday, the U.S. bond market has experienced a slight crash, leading to an increase in mortgage and other household borrowing costs. Fortunately, Trump has a clear way to mitigate this damage and start his term on a good note: he should announce that he fully trusts Federal Reserve Chairman Powell, whose term will last until May 2026, and commit to remaining silent on monetary policy issues.Powell had a brief conversation with reporter Victoria Guida:Guida: Some of Trump's advisors suggest you should resign. If he asks you to leave, would you go?Powell: No.Guida: Do you believe legally you don't have to leave?Powell: No, I don't have to.It is reported that Powell was not joking. Following these comments, the yield on the 10-year U.S. Treasury initially fell by about 4 basis points, totaling a decline of 11 basis points for the day.

ChainCatcher news, bullish bets in the world's largest bond market have re-emerged ahead of the release of July's Consumer Price Index (CPI) data later on Wednesday, indicating that traders are preparing for further gains as they expect the CPI data to show continued easing of price pressures. Investors betting on a further rise in the U.S. Treasury market are closely watching the upcoming U.S. inflation data, hoping it will further substantiate the case for the Federal Reserve to accelerate its rate cuts. Traders are divided on whether the Fed will cut rates by 25 or 50 basis points in September, with swap trading indicating that the market expects a 36 basis point cut. Overall, they anticipate that the Fed will lower rates by about 1 percentage point over the remainder of 2024. (Jin Ten)

ChainCatcher news, 10x Research stated on social platforms that risk assets represented by stocks and cryptocurrencies are on the verge of a significant price adjustment. The main trigger is unexpected and persistent inflation. The bond market currently expects fewer than three rate cuts, with the 10-year Treasury yield exceeding 4.50%, and the market may have reached a critical threshold for risk assets.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) today released a report titled "Tokenization of the Hong Kong Bond Market," outlining the next steps for promoting the broader application of tokenization technology in the Hong Kong bond market. The report details the experience of the HKMA in assisting the government with the issuance of HKD 800 million tokenized green bonds under the "Project Evergreen" initiative in February this year, including the specifics of the tokenized green bonds, technology and platform design, as well as trading and settlement.In addition, the report states that bond tokenization is still in its infancy, and to achieve widespread adoption, multiple challenges must be overcome. Existing legal and regulatory frameworks may also need to be fine-tuned to keep pace with and promote the adoption of the technology.

ChainCatcher news, the debt trading platform OPNX founded by Su Zhu and others announced the launch of a Market Maker Program aimed at providing liquidity incentives to market makers.It is reported that there are mainly two types of incentives: first, up to 200 VIP market makers can receive a subsidy of $5,000 per month, and second, incentives ranging from $5,000 to $50,000 per month will be provided based on trading volume. Earlier, ChainCatcher reported that on the first day of trading on the debt market OPNX platform, founded by Zhu Su and others, the trading volume was extremely low, with only two transactions executed across all spot and derivatives markets on the platform, totaling a value of $1.26. (source link)

ChainCatcher news, the CEX project "GTX" founded by Zhu Su, the founder of Three Arrows Capital, has officially announced its name "OPNX" (Open Exchange). The official website is now online, and users can apply to join the claims waiting list. According to the introduction, OPNX will establish a zero-knowledge proof network to conduct real-time public encrypted audits of leverage in the system, allowing all parties to independently verify the accuracy of each balance, liquidation, withdrawal, deposit, and transaction, while protecting user integrity and privacy. The CoinFLEX platform token FLEX will continue to support the new platform, with the token economics remaining unchanged.OPNX stated that today's crypto world is like a black box filled with unknown risks, leverage, and non-custodial elements. Last year, public chains, CEXs, large projects, and capital were all in a state of collapse. The team at Open Exchange has a deep understanding of this and believes it is their responsibility to learn from all lessons to promote the development of the crypto industry and establish a more robust, open, and transparent financial world. According to market data, the CoinFLEX platform token FLEX has maintained an upward trend since mid-January, with the price per token rising from a low of $0.036 to a high of $2.45 before a significant pullback.Previous reports indicated that OPNX was co-founded by Su Zhu and Kyle Davies of Three Arrows Capital, along with Sudhu Arumugam and Mark Lamb, the two co-founders of CoinFLEX. The team consists of more than 60 former CoinFLEX members. (Source link)