智通财经APP注意到，在 11 月份失业率意外上升，给笼罩美国经济前景的混合信号增添了不确定性之后，债券交易员们大举押注于一种流行的策略：青睐 短期美债而非长期美债。 周二，2 年期和 30 年期美债收益率之间的利差扩大至四年多来的最大幅度，这反映出在通胀顽固和经济增长强劲的背景下，市场仍预期美联储明年至少还 会再降息两次。 这一切都在为所谓的"曲线陡峭化"交易火上浇油。该交易旨在押注短期和长期债务之间的收益率差距将继续扩大。尽管通胀仍相对较高，但自美联储 9 月份 恢复降息以来，该交易已获得关注。周四，延迟发布的 11 月份消费者物价数据将对这一交易进行进一步的检验。 美债期货也突显出，押注收益率曲线陡峭化的头寸正在加速积累。期货合约持仓量(open interest)数据的变化表明，在曲线的短端出现了新的多头头寸。与此 同时，周二出现的一笔 1500 万美元的溢价头寸，目标是长期美债更深层次的抛售。 WisdomTree 固定收益策略主管 Kevin Flanagan 表示："2 年期收益率被美联储和降息预期所锚定，而曲线的后端则在对更广泛的问题做出反应，即经济并没 有濒临衰退，并且存在顽固的通胀。" 在 ...

Article contentNOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICATHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with on ...

Core Insights - Ondo Finance has partnered with State Street Investment Management and Galaxy Asset Management to launch a tokenized private liquidity fund named SWEEP, aimed at integrating traditional cash management on-chain using Galaxy's tokenization infrastructure [1][2] - The SWEEP fund is set to debut on the Solana blockchain in early 2026, with Ondo's flagship product OUSG planning to allocate approximately $200 million as the anchor investor [1][4] - The partnership is expected to enhance OUSG's 24/7 liquidity network, with Galaxy providing the digital infrastructure for the issuance and management of SWEEP tokens [2] Product Details - The State Street Galaxy Onchain Liquidity Sweep Fund will enable investors to transfer cash balances into a digital vehicle, offering continuous access via PayPal's stablecoin, PYUSD [3] - State Street will manage treasury assets for the new fund through its banking division, State Street Bank and Trust Company [3] - OUSG, valued at $770 million, provides investors with tokenized exposure to US treasuries and will benefit from the addition of SWEEP as a high-quality reserve option [4] Regulatory Context - The announcement of the partnership follows the SEC's closure of a two-year investigation into Ondo Finance, which examined whether Ondo's tokenization practices complied with federal policies and if the ONDO token was classified as a security [5] - Despite the investigation, Ondo Finance's OUSG maintains a multichain presence across Ethereum, Solana, Ripple, and Polygon [5] Market Reaction - Market observers suggest that the ongoing partnerships may enhance the visibility and presence of Ondo's native token, ONDO, which experienced a relief rally above the $0.50 mark earlier in the week, although it faced a 5% daily loss on December 11 [6]

LINK EVERYTHING:⬡ Swift⬡ Euroclear⬡ UBS⬡ Kinexys by J.P. Morgan⬡ Mastercard⬡ S&P Dow Jones Indices⬡ Hong Kong Monetary Authority⬡ Monetary Authority of Singapore⬡ State Street⬡ Central Bank of Brazil⬡ Clearstream⬡ FTSE Russell⬡ WisdomTree⬡ Deutsche Börse Group⬡ BNY Mellon⬡ Intercontinental Exchange (ICE)⬡ Citi⬡ Bermuda Monetary Authority⬡ BNP Paribas⬡ Edward Jones⬡ Franklin Templeton⬡ Wellington Management⬡ Invesco⬡ Fidelity International⬡ U.S. Bank⬡ Lloyds Banking Group⬡ ANZ Bank⬡ Broadridge⬡ Tradeweb⬡ MFS ...

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Earnings Estimates - Kennametal Inc. (KMT) has seen a 25% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Universal Health Services, Inc. (UHS) has experienced a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - WisdomTree, Inc. (WT) has reported a 6.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Oceaneering International, Inc. (OII) has seen an 11.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - MediaAlpha, Inc. (MAX) has experienced a significant 700% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Insights - Three stocks with strong value characteristics and a buy rank are highlighted for investors to consider on December 3 Group 1: Universal Health Services, Inc. (UHS) - UHS has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for UHS's current year earnings has increased by 6.7% over the last 60 days [1] - UHS has a price-to-earnings (P/E) ratio of 10.97, significantly lower than the industry average of 25.01 [1] - The company possesses a Value Score of A, indicating strong value characteristics [1] Group 2: Oceaneering International, Inc. (OII) - OII also carries a Zacks Rank of 1, suggesting strong investment potential [2] - The Zacks Consensus Estimate for OII's next year earnings has risen by 11.7% over the last 60 days [2] - OII has a P/E ratio of 12.33, which is slightly lower than the industry average of 12.90 [2] - The company possesses a Value Score of A, reflecting its strong value attributes [2] Group 3: WisdomTree, Inc. (WT) - WT holds a Zacks Rank of 1, indicating favorable investment prospects [3] - The Zacks Consensus Estimate for WT's current year earnings has increased by 6.8% over the last 60 days [3] - WT has a P/E ratio of 13.96, compared to the industry average of 25.01, indicating relative undervaluation [3] - The company possesses a Value Score of B, suggesting solid value characteristics [3]

Key Points For more than a decade, Bitcoin has been uncorrelated with any major asset class. In 10 of the past 13 years, Bitcoin has been the top-performing asset in the world. For most investors, an optimal allocation for Bitcoin is 1%. 10 stocks we like better than Bitcoin › Bitcoin (CRYPTO: BTC) may be down 3% for the year, but that doesn't mean you should forget about it entirely. According to billionaire investor Ray Dalio, founder of the hedge fund Bridgewater Associates, the optimal alloca ...

Core Insights - Two stocks with strong income characteristics and buy rank are highlighted for investors: Kennametal Inc. and WisdomTree, Inc. [1][2] Group 1: Kennametal Inc. (KMT) - Kennametal Inc. has seen a 25% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The company holds a Zacks Rank 1, indicating strong performance potential [1] - Kennametal offers a dividend yield of 2.9%, significantly higher than the industry average of 1.3% [1] Group 2: WisdomTree, Inc. (WT) - WisdomTree, Inc. has experienced a 6.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company also holds a Zacks Rank 1, suggesting favorable investment conditions [2] - WisdomTree provides a dividend yield of 1.1%, compared to the industry average of 0.0% [2]

Group 1 - The core idea of the articles emphasizes the importance of index design in the crypto space, highlighting that the methodology behind crypto indices is crucial for institutional adoption and trust [2][3][4] - The construction of a crypto index involves a combination of data engineering and governance design, making it an essential investment framework rather than just a performance tracker [6][7] - The intent behind creating an index determines its focus, whether it is broad market exposure or targeting specific narratives like decentralized finance (DeFi) [7][8] Group 2 - Strong indices implement strict eligibility rules to filter out non-investable assets, ensuring that only reliable and transparent tokens are included [8] - Weighting methodologies in indices reflect market structure, with market-cap approaches often dominated by major cryptocurrencies like Bitcoin and Ether, while alternative weighting methods allow smaller protocols to gain visibility [10]

Core Insights - WisdomTree reported record assets under management (AUM) of $137.2 billion, with net inflows of $2.2 billion driven by strong demand for European gold and cryptocurrency products [1] - The company's revenue for Q3 was $125.6 million, exceeding analyst estimates of $122.9 million, reflecting an 11% year-on-year growth [5] - Adjusted EPS was $0.23, beating analyst expectations of $0.21, indicating a 10.4% increase [5] Financial Performance - Adjusted EBITDA reached $50.04 million, surpassing analyst estimates of $46.42 million, with a margin of 39.8% [5] - Operating margin was reported at 36.3%, consistent with the same quarter last year [5] - Market capitalization stands at $1.59 billion [5] Strategic Insights - CEO Jonathan Steinberg emphasized the importance of diversification in asset classes, geographies, and client types for organic growth [1] - The company is actively exploring tokenization as a service, leveraging its end-to-end technology stack for asset management and token issuance [5] - Digital asset AUM growth is attributed to stablecoin issuers and on-chain native businesses, with a focus on blockchain-enabled money market funds [5] Analyst Engagement - Analysts raised questions regarding WisdomTree's long-term growth vision in Europe, to which management highlighted strong fundamentals and cross-regional synergies [5] - Inquiry into the expansion strategy for digital asset distribution revealed a presence on seven blockchains and potential B2B2C fintech relationships [5] - CFO Bryan Edmiston provided insights on modeling Ceres' AUM and performance fee structure, explaining reporting timing and growth assumptions [5]