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17:34
The yield on 2-year and 10-year German bonds falls by 7 basis points
The yield on the 2-year German bond dropped by 7.1 basis points to 2.602%, trading between 2.622% and 2.569% during the day, with overall volatility at a low level after a gap down at the open. The yield on the 30-year German bond fell by 4.1 basis points to 3.430%. The yield spread between the 2-year and 10-year German bonds narrowed by 0.085 basis points to +35.154 basis points.
17:20
Dubai real estate bonds are starting to face difficulties
According to data compiled by Bloomberg as of the close of trading on Tuesday, six US dollar-denominated Islamic bonds issued by real estate companies show signs of distress, with trading yield spreads exceeding the risk-free rate by more than 1,000 basis points. These bonds account for approximately 15% of US dollar real estate bonds in the Middle East region. The debt issued by these companies is rated as speculative grade (non-investment grade) by major rating agencies, and the risk premium of some bonds has surged dramatically since the outbreak of war.
17:07
Trump-supported proposal allows cryptocurrencies to be included in $12 trillion 401(k) plans
The Trump-backed proposal has passed White House review. This proposal allows cryptocurrencies and private equity to be included in the $12 trillion 401(k) retirement plans. The US Department of Labor is expected to issue related regulations soon. (Cointelegraph)
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