- SOFR +2bp to 4.36% as RRP just hit a new 4yr low (repo stress)
- 2Y now back below 3.7% signaling urgency of rate cuts
- Housing/mortgage equities continuing to rally almost certain 10Y is heading below 4%
Could be wrong, but combined together,
I sense a msg that some parts of the market sees the #Fed cutting not because it can, but because it has to.
Wisconsin lawmakers push Senate Bill 386 to regulate #Bitcoin ATMs.
Operators would need money transmitter licenses and collect detailed customer data for every transaction.
