“The US-Lited BTC ETFS Appear on Track for the Second-Highest Monthly Outflow on Record.”, – WRITE: www.coindesk.com
As of Monday, The 11 US-Listed Spot Bitcoin Etfs, Considered A Proxy for Institutional Activity, Were on Track To Register the Second-Highest Cumulative MONTHLION of 800 Sosovalue. The Funds Bled A Record $ 3.56 Billion In February and $ 767 Million in March.
Meanwhile, The Three-Month Treasury Bills Auctioned Monday Drew Strong Demand from Institutions. Accorging to Data Source CME, The US Treasury Sold $ 80 Billion in Three-Month Bills at An Interest Rate of 4.225%, Up From The Prevses 4.175%. Similarly, IT SOLD $ 68 Billion in Six-Month Bills at A Slightly Higher-Tan-Previos Interest Rate of 4.06%.
However, The Bid-To-Cover Ratio, Representing the Number of Bids Received Relative to the Number of Bids Acceptted, for the Three-Month Bills Rose to 2.96 from 2.82. In Other Words, for every Three-Month Bill Offered, Nearly 3x More Bids Were Received. The Ratio for the Six-Month Bills Rose Marginally To 2.90 from 2.79.
The Strong Uptake Indicates that Institutions Still View the US DEBT as A HAVEN. The T-bies are Highly Liquid and Considered Low-Risk, Making them The Preferred Choice for Collalateral in the Repo (Repurchase Agreement) Market. In a repo transaction, one Party Sells T-bies or Other Securities to Another, Agreeing to Repurchase Them Later, ALLOWING The Seller to Access Short-Term Funding.
Institutions Typical Park Money in T-Bills WHEN The Economic Outlook Is Uncertain, Calling for Flexibility in Investments Racher than Commitment to Long-Term Positions.
President Donald Trump’s Full-Blown Trade War Against China and Other Major Major Trading Partners Has Ratcheted Uncertainty to Such An Exture Is The Possibility of AUDDAN Street. According to Inc, Bofa’s 3-Month Guidance Ratio-whokh tracks the Number of Companies Above Versus Below Consensus Guidance-Has Fallen to 0.4x, ITEKESEST SINCE APRILA 0.8x.
Meanwhile, The Us Recession Odds have increasted Above 50% on Betting Platforms, with Elegated Japanese Bond Yields Further Complicating Matters for Risk Assets.
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