Ledger tightens belts, laying off 12% of staff
Ledger, a French-based company that makes hardware wallets for crypto investors, will lay off 12% of its employees to conserve resources amid a prolonged industry downturn. “Macroeconomic headwinds are limiting…
The 5% bond market means the pain will be felt by everyone
The world’s largest bond markets are under pressure from a powerful selloff: bond yields hitting post-crisis highs worldwide. Not so long ago, families, businesses and governments actually lived in a…
Saudi Arabia extends oil production cut
Saudi Arabia has decided to continue implementing a measure to voluntarily cut oil production by 1 million barrels per day until the end of 2023. Prior to that, the voluntary…
US treasuries’ impact felt in Germany
Plunge in US Treasuries pressures other countries’ government bonds: Germany’s 10-year government bond yield rose 0.06 percentage point in early morning trading to 3.01%, the highest level since 2011, LSEG…
US government debt surge by $275 billion in one day
Just two weeks ago, the national debt exceeded the $33 trillion mark. Now it is already at $33.44 trillion! Thus, the government debt growth is now outpacing the economic growth.…
US Treasury bond yields have crossed the 5% threshold
The 30-year US Treasury bond yield hit 5% today for the first time since 2007. The yield on 10-year Treasuries may also reach the key threshold of 5% in the…