News

```htmlGolden Ten Data reported on June 30 that, according to data released by the UK Office for National Statistics on Tuesday, in the first quarter of this year, as consumers increased spending ahead of the outbreak of war in the Middle East, UK households’ savings decreased. The savings rate (the proportion of disposable income not used for consumption) fell from 9.6% in the previous quarter to 8.9%. The Office for National Statistics pointed out that this decline was mainly attributed to increased spending on housing, utilities, and food & hotel services. The agency also confirmed that the UK economy experienced accelerated growth in the first quarter, with output rising by 0.6%, a figure that was not revised. Another set of data showed that, after inflation adjustment, per capita household disposable income fell by 0.8% in the first quarter.```

BlockBeats news, June 30, according to Alternative data, today the Crypto Fear and Greed Index is 15 (12 yesterday), indicating that the market’s "extreme fear" sentiment has slightly eased. Note: The Fear and Greed Index ranges from 0-100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google Trends analysis (10%).

Golden Ten Data reported on June 30 that Deutsche Bank's interest rate strategists have revised their year-end forecasts for US 2-year and 10-year Treasury yields. Their latest forecast shows that the 2-year US Treasury yield will reach 4.30% by year-end, 35 basis points higher than the previous estimate. They have also raised their forecast for the 10-year US Treasury yield to 4.80%, an increase of 10 basis points from the prior projection. This revision reflects the latest outlook from Deutsche Bank economists, who now expect the Federal Reserve to raise interest rates twice this year, by 25 basis points each time.