Markets

Markets coverage from the StreamSage Markets desk: Stocks, Bonds, Forex, Commodities, Funds, Derivatives, Crypto Assets. Sources on every story. Page 5.

• US 10-year Treasury yield climbs to 4.97%

  Benchmark yield rose to 4.97% last week, approaching the brief intraday break above 5% seen in October 2023.

• TRM report shows minimal AI agent share in x402 payments

  TRM Labs found that only 0.6% to 7.5% of likely x402 commerce by value appeared to originate from AI agents, according to a report published Wednesday.

• XRP’s 30% monthly rebound meets a $4.6 million liquidity trial inside XRPL’s $1.1 billion stablecoin boom

  XRPL stablecoins reached $1.126 billion while XRP rebounded 29.7% over the month, but visible bridge inventory remains thin, leaving the value-capture case unproven.

• French bank bonds yield below state debt in record inversion

  Covered bonds from French banks now yield 30 basis points less than 10-year government debt.

• CoinShares links hot CPI and buyback failure to Bitcoin's path

  Core inflation rose 0.3% in August, raising the odds of higher rates, while Treasury buybacks failed to suppress long-end yields.

• GPIF May Sell $62 Billion of US Treasuries

  Santander analysts say Japan’s $2 trillion pension fund could shift holdings to local debt without changing policy.

• Forget crypto or AI, oil tanker ETF BWET is up 5,100%

  The best-performing ETF in America isn’t in AI, crypto, or tech.

• US 10-Year Yield Hits 4.97% As Fed Hike Odds Climb

  Two-year notes fell and the 10-year yield reached 4.97% on Friday after data showed a bigger-than-expected rise in prices excluding food and energy.

• ETF rotation stays concentrated in four assets

  Bitcoin funds lost $120.24 million on Sept. 9 while Ethereum, XRP, and Solana products attracted nearly $59 million combined.

• Municipal Bond Yields Hit Highest Levels Since 2011

  Long-dated muni yields rose up to 15 basis points, with 30-year benchmarks reaching 4.89%, driven by rising Treasury rates and new issuance.

• Japan's 10-Year Bond Yield Hits 3% for First Time Since 2000

  Japan's 10-year government bond yield reached 3% in early September, the first time it has done so this century, according to Bloomberg Markets.

• Bottomline Deal Has No Go-Live Date and No Pilot Bank

  The Bottomline-Chainlink deal processes $16 trillion in annual payments, yet neither firm has disclosed a launch date or named a pilot bank.

• Bitcoin’s 90-day correlation with gold hits nine-year high

  Protos reports that BTC's 90-day correlation with gold reached +0.56, while its link to the Nasdaq 100 fell to a one-year low of +0.30.

• Oil Edges Higher After Iran Targets Tankers in Strait of Hormuz

  Brent crude advanced 0.6% after Iran said it hit three tankers in the strait in retaliation for US strikes.

• GRNY’s top holdings are crypto. The mandate didn’t change.

  MSTR and HOOD lead the fund’s Sept. 4 snapshot, but the shift stems from price appreciation and active management discretion, not a passive index drift.

• Bitwise XRP fund holds 14.57% implied yield in futures position

  CryptoSlate reports the fund paired 10.8 million XRP in custody with a 10.5 million short, leaving a small residual exposure.

• August Payrolls Push Bitcoin Below $80,000

  Nonfarm payrolls rose 162,000 in August, triggering a 1.8% drop in Bitcoin within five minutes of the release.

• Zcash Breaks $1,000 Mark as ETF Inflows Accelerate

  ZEC hit an intraday high of $1,023 on Friday, marking a 94% monthly gain and a market cap near $17 billion.

• Zcash breaks $1,000 amid $34.5M short squeeze

  ZEC hit a decade high of $1,029 on Friday as strong U.S. jobs data and Fed comments drove liquidations across the sector.

• Bond Yields Rise After Strong Jobs Data

  Two-year Treasury yields settled at 4.38% as Fed hike odds for mid-September increased following the August employment report.