Bitcoin surged to one-month highs following the Federal Reserve’s significant rate cut, while the yen and other major currencies remained stagnant. The Bank of Japan kept interest rates unchanged, affecting the yen’s recent gains. U.S. Treasury yields steepened, and economists predict further Fed rate cuts this year.
Benchmark yield softens 5 Bps to 6.52%
Lower US yields and expectations of a rate cut by RBI in its monetary policy next week have also weighed on yields, treasury heads at
April 3, 2025