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On the 15th (local time), a small summit between US President Donald Trump and Russian President Vladimir Putin was held in Anchorage, Alaska, lasting approximately 2 hours and 45 minutes. Specific details of the meeting have not yet been disclosed.
2. US and Russian Leaders to Hold Joint Press Conference Soon
The Kremlin reported that after the small summit in Alaska on the 15th, Russian President Vladimir Putin and US President Donald Trump are expected to hold a joint press conference soon.
3. US 10-Year Treasury Yield Rises Amid Weekly Volatility
As of the New York bond market closing on the 15th (local time), the US 10-year Treasury yield rose to 4.3238%, up 3.89bp from the previous day and increasing 4.08bp for the week. Notably, it had fallen to 4.1979% just before the US Producer Price Index (PPI) data released on the 14th but subsequently rebounded. Meanwhile, the 2-year Treasury yield rose 2.44bp in a day to 3.7568% but decreased 0.55bp on a weekly basis, showing V-shaped volatility. The yield spread between 2-year and 10-year Treasuries is 56.485bp, rising 4.429bp for the week and drawing market attention.
4. Bitcoin and Ethereum Spot ETFs Record Highest Weekly Trading Volume
This week, the weekly trading volume of Bitcoin and Ethereum spot ETFs reached approximately $40 billion, setting a new record. Particularly, the Ethereum ETF recorded a single-week trading volume of around $17 billion, significantly surpassing previous records. Bloomberg analyst Eric Balchunas noted that the Ethereum ETF has shown a "sudden awakening" since July, concentrating nearly a year's worth of active trading in just six weeks.
5. Fed Investment Adjustment Expected to Support Treasury with $2 Trillion
Bank of America (BofA) suggested that if the Federal Reserve adjusts its Treasury holdings, it could purchase approximately $2 trillion in Treasuries over the next two years. This would be enough to absorb almost all Treasuries issued by the Treasury during that period. This measure is expected to provide the necessary revenue for the Treasury, which has been issuing large amounts of short-term Treasuries to supplement its deficit and increase cash assets since raising the debt ceiling last month.
Choi Joo-hoon joohoon@blockstreet.co.kr
