All right, let's get more on where rates could be headed with CNBC's own Rick Santelli. Rick, it is great to see you. Um, I want to start off with where where Tim um sort of left off in terms of we're not the only player in terms of dictating where rates go.There's a whole global uh rates market. The German 30year, for instance, hit its highest since 2011 just yesterday. So, there's a whole other dynamic going on.Where do you see rates headed if we are to be lower by 150 basis points. Well, I have some char ...

Bond Market & Treasury Auction Analysis - Treasury's 10-year note auction took place [1] - Yields are dipping potentially due to headlines about the phone call and Fed's Cook being dovish [2] - Auction wasn't terrific [3] Market Trends & Indicators - Two times traded four and a quarter around 11:40 Eastern and 1 Eastern [3] - 30s minus 10 spread (the knob) is a favorite in Chicago [3] - The 30s minus 10 spread is almost triple what it was at the end of last year, rising from 20 to almost 60, implying a steeper curve and stubbornly high long rates [4]

On-Chain Asset Transformation - JPMorgan built a bridge to convert rewards into USDC, transforming their points system into on-chain assets [1] - The largest bank in America is turning its points system into on-chain assets [1] Market Focus - Traders are actively involved in base yields [1] - The market is primarily focused on fee revenue [1] Infrastructure Importance - Infrastructure development is considered a winning strategy [1]

market's chasing yields but missing the plot. pendle and zora building the actual plumbing for defi 2.0• liquid lockers preserving voting rights across protocols• deep hooks into uniswap v4• cross-chain infrastructure already liveyields are temporary, infrastructure is forever ...

Market Trends - Treasuries rallied, particularly 30-year bonds, indicating potential market anticipation of government actions [1] - The rally is likely driven by expectations that the US government will announce debt-issuance plans aimed at controlling yields on long-dated debt [1] Government Policy Impact - The market is closely watching for signs of how the US government intends to manage yields on long-dated debt through its debt-issuance strategies [1]

Market Trends - Japan's two-year government bond auction saw the strongest demand since October [1] - Investors were attracted to yields that have approached the highest since 2008 [1]

Market Trends - Some of Europe's biggest public-sector issuers' dollar bonds are trading at yields below comparable US government debt [1]

base hits $1.2b aave tvl while solana bridges $839m btcthe single chain game is dead. money flows wherever yields are highest. adapt or disappear ...

Government Debt Market - Growing concern over widening fiscal deficits dented demand for long-term debt [1] - Yields for long-term debt from Japan and Germany to the UK and France rose [1]

Government bonds in Britain offer higher yields than those of any of its economic peers https://t.co/rJ8fVYmUJh ...