Tokenized deposits could raise US credit costs: Dallas Fed economists
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Tokenized Deposits Could Drain $700 Billion From Bank Lending, Dallas Fed Warns
A shift toward faster, more rate-sensitive deposits could push banks into safer assets, constrain lending, and raise borrowing costs, Dallas Fed researchers said.
Analysts: The Federal Reserve may have to raise interest rates in September.
According to Mars Finance, on July 3rd, Allianz Chief Economist Ludovic Subran stated, "The US non-farm payroll data was actually weak, but I still believe the inflation rate will peak above 3.7%, and artificial intelligence, fiscal stimulus, and the energy industry are still supporting economic growth. The Fed may have to raise interest rates in September. I think this is the real point of contention between the US and Europe." Subran believes that the European Central Bank will not take further action after last month's rate hike. "That was an insurance-style rate hike, but judging from the current data, it seems to be over," he said. "The traumatic effects of the (Iranian) war will take time to manifest; the economy is still bearing the costs of the war, but the situation is much better now than it was a few weeks ago." (Jinshi)
Swiss private bank Julius Baer: The Federal Reserve is unlikely to raise interest rates, and gold prices are expected to rebound.
According to Mars Finance, citing Jinshi, Swiss private bank Julius Baer predicts that the Federal Reserve is unlikely to raise interest rates and the dollar may weaken, thus gold prices are expected to recover lost ground.
The tokenized fund USTB saw its deposits into Aave increase by approximately 300% quarter-over-quarter in the second quarter.
According to data from Token Terminal, as reported by Mars Finance on July 6th, Invesco's tokenized USTB fund saw a roughly 300% increase in deposits into Aave during the second quarter compared to the previous quarter. USTB is managed by Invesco and issued using Superstate's FundOS transfer agent and tokenization infrastructure, demonstrating the deepening integration of real-world assets (RWA) with DeFi protocols.
Bitfinex Securities completes record $50M tokenized capital raise
Bitfinex Securities completed a record $50 million raise for Alkemya, whose token represents interests in a partnership that holds nickel assets.
Analysis: Weak non-farm payrolls data reduced expectations of a Fed rate hike, leading to a rise in bond prices.
Odaily Odaily reports that U.S. Treasury prices rose following a weaker-than-expected non-farm payroll report, as traders lowered their expectations for Federal Reserve rate hikes in the coming months. The yield on the two-year Treasury note, most sensitive to monetary policy changes, fell 6 basis points to 4.11%, while the yield on the 10-year Treasury note fell 2 basis points to 4.46%. Interest rate swap data shows that the market expects about a 20% chance of a rate hike at the Fed's meeting later this month, down from 33% before the data release. The market expects the Federal Reserve to raise interest rates fewer than twice by March 2027, with each increase not exceeding 25 basis points. Non-farm payrolls increased by 57,000 last month, after the figures for the previous two months were revised downwards, while economists surveyed by Bloomberg had expected an increase of 113,000. The unemployment rate fell to 4.2% due to a sharp decline in the labor force participation rate. (Jinshi)