US Treasury yields rise as 30-Year yield hits 22-year high

US Treasury yields turned mixed on Friday as the long-end of the curve, the 20s and 30s, posted gains while the short-end and the belly of the yield curve retreated to multi-year high levels. The US 10-year Treasury yield holds firm at 5.20% after peaking at a 19-year high of 5.228%.

South Korean Won: Trade surplus seen widening – ING

ING’s Asia-Pacific research notes that South Korea’s upcoming data should show stronger industrial production and a widening trade surplus, even as export and import growth moderates. Technology and semiconductor exports are expected to underpin the surplus.

ENA rallies 16% as Ethena partners with Binance to extend USDe basis trade into equity perpetuals

Ethena (ENA) Labs announced Friday it partnered with Binance to expand its USDe delta-neutral trading strategy into equity perpetuals.

The hard asset decade has begun – Do you own enough? [Video]

Gold moved first. Industrial Metals followed. Energy is repricing now. Agriculture could be next. 

Economics week ahead

Next week will be busy. We expect consumer spending to rise 0.8% in August, while income growth of 0.5% and annual BEA revisions should show a resilient U.S. economy. The PCE deflator is expected to firm in August, although broader revisions should leave the recent inflation trend somewhat softer.

Binance buys $100 million Circle stake in five-year USDC promotion deal

Binance bought $100 million of Circle stock at a discount alongside a five-year deal to promote USDC, per an SEC filing.

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Brussels and Washington’s stablecoin rulebooks edge closer as the ECB targets MiCA’s deposit rule

The ECB and EU central banks want MiCA's 30%/60% stablecoin bank-deposit rule scrapped for liquidity thresholds, moving closer to the US GENIUS Act if adopted.

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ECB to invest part of its own funds in tokenised securities

The ECB is preparing to put part of its own funds into tokenised securities settled in central bank money via Pontes.

The post ECB to invest part of its own funds in tokenised securities appeared first on Forex Crunch.

Saudi Arabia’s exit leaves mBridge running without its western architects

Saudi Arabia's central bank has left mBridge, the China-led cross-border CBDC payments platform, after its proof of concept and the BIS's 2024 exit.

The post Saudi Arabia’s exit leaves mBridge running without its western architects appeared first on Forex Crunch.

Brazil bars stablecoins from eFX settlement leg under Resolution 561

Brazil's central bank bars stablecoins from the wholesale eFX settlement leg from 1 October 2026 under Resolution 561, while individual crypto transfers remain permitted.

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