The 2 year v 10 year bond spread, a measure of yield curve shape, is back up to 59 bp from 50 bp earlier in the week. That’s helping USD,
USD may get another boost after the Fed’s meeting winds up on Wednesday https://www.tradingfloor.com/posts/fed-could-play-a-wild-card-and-spark-usd-rally-next-week-9090824
The Bitcoin bonanza continues although the price had slipped back to $15000 by mid-afternoon.
It may be speculative but at least there’s no negative carry – as there is in 16 global bond markets (see chart).
Who owns all those Bitcoins? It seems the Winklevoss twins of The Social Network move fame have a haul worth about $1.7 billion.
And by the look of it, someone else is in the money (see photo)