market overview

CICC strategist Miao Yanliang says cracks in dollar dominance open a window for the RMB, but lasting global status depends on China’s own reforms, including FX flexibility, deeper capital markets and stronger institutional credibility.

Russia blacklists WhiteBIT, citing Ukraine support. Exchange saw $1.1B 24hr volume. Geopolitical risks loom.

Trump's tariffs spark bond sell-off, yields surge 11bps. Smart money in bonds remains unconvinced.

Marcus by Goldman Sachs leads 18-month CDs at 4% APY, with Ally & Synchrony offering 3.6%-3.8% but early withdrawal penalties.

Mortgage rates near 3-yr low (6.09%) despite Fed pause; 10-yr yield, inflation expectations drive future moves.

Dow Industrials +0.64%, Nasdaq +0.43%, S&P 500 +0.50%. SOX dips -0.39%. Traders eye sector performance.

Prediction markets surge: Kalshi ($11B valuation) & Polymarket ($9B valuation) hit $20B combined, with $3B+ weekly volume.