Despite the recent rally in equities, the bond market has meaningfully reversed and resumed its sell-off while treasury yields rise with inflationary pressure.
A reversal in interest rates shows that markets are pricing in lower inflation expectations and a rising probability of a deflationary market on the horizon.
The Office of the Comptroller of the Currency has clarified that national banks can hold cryptocurrency keys, potentially ushering in a wave of new services from these financial institutions.
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