After reaching a 2023 peak of about 4.20% last week, the yield on the U.S. 10-year Treasury has now fallen below the 4% mark.
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The market's risk-off sentiment likely reflects its message to China that 10 basis point rate cuts alone are insufficient to stimulate the decelerating economy.
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On Sunday, Floki prices experienced a significant surge, fueled by the upward momentum in the overall market led by bitcoin, as well as the growing confidence in the token's 'China narrative'
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