News

ChainCatcher news, according to Golden Ten Data, despite the lack of immediate new catalysts, U.S. Treasury yields declined during the midday European trading session as expectations of Federal Reserve interest rate cuts continued to dominate market sentiment. Daniel Takieddine, an analyst at Sky Links Capital Group, pointed out that the market has fully priced in the prospect of a 25 basis point rate cut by the Federal Reserve next week and in each of the next two years, as expectations for a more accommodative policy rise. This could continue to drive yields lower. Tradeweb data shows that the yield on the two-year U.S. Treasury note edged down by 0.3 basis points to 3.459%, while the yield on the ten-year U.S. Treasury note fell by 1 basis point to 3.977%.

October 21 news, cryptocurrency company Ripple Labs Inc. is in talks to lease high-rise space in Brookfield Group's newly built skyscraper in London. If the deal is completed, Ripple will move into one of the most expensive office areas in the City of London. According to sources familiar with the matter, Ripple plans to lease about 90,000 square feet (8,361.3 square meters) of office space in the Leadenhall Building in the City of London. This 35-story building was developed by Brookfield, and the landlord is reportedly asking for a rent of £140 ($187.33) per square foot, making it one of the most expensive office spaces in the financial district, comparable to the rent levels in the upscale Mayfair area. As the negotiations are not public, the sources requested anonymity. Ripple has more than 900 employees in 15 offices worldwide, providing digital asset payment and custody services for banks and financial institutions. (BBG)