Odaily星球日报讯 MischlerFinancialGroup 固定收益董事总经理 GlenCapelo 表示，美联储降息 25 个基点很可能会导致美国国债遭抛售，不过这在很大程度上也取决于鲍威尔的新闻发布会。AngelesInvestments 执行合伙人兼首席投资官 MichaelRosen 认为，当前债市对美联储降息步伐的定价过于激进。市场预计美联储明年将降息 250 个基点，这一幅度只有在经济衰退的情况下才有可能。因此，他认为，美债短期收益率的降幅将低于市场预期，而长期收益率甚至可能从现在开始上升。（金十）

美联储决议前瞻：降息幅度较小将令美债被抛售

Odaily Odaily News: Glen Capelo, managing director of fixed income at Mischler Financial Group, said that a 25 basis point rate cut by the Federal Reserve is likely to lead to a sell-off in U.S. Treasuries, but this will also largely depend on Powell&#39;s press conference. Michael Rosen, executive partner and chief investment officer of Angeles Investments, believes that the current bond market is pricing the Fed&#39;s pace of rate cuts too aggressively. The market expects the Fed to cut interest rates by 250 basis points next year, a rate that is only possible in the event of an economic recession. Therefore, he believes that the decline in short-term U.S. Treasury yields will be lower than market expectations, and long-term yields may even rise from now on. (Jinshi)

Preview of the Fed's decision: A smaller rate cut will lead to a sell-off of US bonds

Odaily reported that Mitsubishi UFJ stated that even if the Federal Reserve cuts interest rates by 25 basis points this week, the US dollar will find it difficult to achieve a sustained recovery. Mitsubishi UFJ Financial Group analyst Lee Hardman said in a report that even if the Federal Reserve lowers interest rates by 25 basis points, it may further cut rates in future meetings, especially if the labor market continues to remain weak. He said this means "people may still believe that it is only a matter of time before the Federal Reserve needs to accelerate the pace of rate cuts."

MUFG: The Fed's 25 basis point rate cut this week will hardly boost the dollar

According to Odaily, the German Dai Bank analysis indicates that after the European Central Bank lowered the deposit rate by 25 basis points last week, other central banks will announce their policy decisions this week. Most decisions are likely to keep interest rates unchanged - except for the most important one. If the Federal Reserve does not start a rate cut cycle on Wednesday, that would be a big surprise. Volkmar Baur, an analyst at the bank, pointed out: "At the beginning of this week, the market expects the possibility of the Federal Reserve's first major rate cut to be slightly higher than 50%. Our economists still expect a 25 basis point rate cut, which is well-founded." "However, a small first step does not rule out bigger moves later. That's why the current risk bias is towards a weakening of the dollar."

Commerzbank: The Fed’s “small step” cannot rule out subsequent “big moves”

Although not officially launched, Binance's mini-app Moonbix is still the focus of discussion on crypto forums.

Binance confirmed that Moonbix was leaked before its official launch. Image: Livecoins

The announcement...