Category: Erasing
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Treasuries Rise, Erasing Weekly Loss, on Signs Economy Cooling
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(Bloomberg) — The Treasury rose on Friday and was on track for a small weekly gain after survey data showed signs of a U.S. economic cooling. Most of them read from Bloomberg Yields were at least two basis points lower, with short maturity down nearly four basis points. The session…
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Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’
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This article is also available in Spanish. Bitcoin (BTC) is trading slightly lower in South Korea compared to global cryptocurrency markets due to a reverse “kimchi premium,” which has not been seen. since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper in South Korea According to A a report By…
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Gold takes a quick dive, erasing today’s gains
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The problem with gold is that it’s a good asset to hold when things are a little bit bad in the markets. But when things get really bad, it gets sucked into the financial maelstrom. That’s what happened at the start of Covid and that’s what’s happening now (to a…