ECB Expected to Hold Rates as Investors Watch French Bonds, Lagarde
The ECB is expected to keep interest rates unchanged on Thursday, while investors focus on French bond-market turmoil and President Christine Lagarde’s future.
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Bitcoin falls as crypto trading volumes jump
Bitcoin and other major cryptocurrencies fell in risk-off trade as volumes rose and long positions were liquidated, according to Coinglass. Bitcoin dropped 2.7% to $81,151, while ethereum fell 4.9% and XRP slid 5%.
U.S. Treasury yields hover near multiyear highs
U.S. Treasury yields are hovering near multiyear highs as investors watch Federal Reserve commentary and a 30-year bond auction. The 10-year yield traded as high as 5.353%, while the 30-year yield was around 5.696%.