Treasury Yields 'Dead Flat' After Fed DecisionCONCLUDED[Stock Market News From Jan. 28, 2026: S&P 500 Breaks Win Streak]Last Updated:---5 hours ago# Treasury Yields 'Dead Flat' After Fed DecisionBy[Karishma Vanjani]The Treasury market is staying put for now.The 10-year yield, the benchmark for mortgage and credit rates, is trading around the same level as it did before the Federal Open Market Committee announced its decision on interest rates. The target stands at 3.5%-3.75%.The 2-year yield, which is more ...

Core Insights - The dollar, oil prices, and U.S. stock futures experienced a decline, indicating a shift in market sentiment [1] - Eurozone and Treasury yields also fell, reflecting growing hopes for a reduction in interest rates [1] - Sentiment regarding the U.S. credit sector weakened, contributing to the overall market downturn [1]

Market Overview - European equity futures are experiencing significant declines, with the EuroStoxx 50 down 0.9%, DAX falling 1.2%, and FTSE declining 1.0%, indicating a risk-off sentiment among investors [2][10] - In the United States, five-year Treasury yields have dropped to a one-year low, reflecting a flight to safety due to concerns over the stability of US regional banks and ongoing geopolitical uncertainties related to trade tensions [3][10] Company Developments - Google (Alphabet Inc.) is under scrutiny for its rapid data center expansion in India, which is reportedly exposing critical gaps in AI safeguards and raising regulatory concerns in emerging markets [4][10] - Iberdrola, the owner of Scottish Power, is exploring a deal for its UK retail energy unit, indicating strategic moves within the energy sector [5] - Venture Global, a key player in the LNG market, is addressing client suspicions regarding its LNG contracts, highlighting challenges in maintaining client trust [5] Financial Risks - The collapse of First Brands has led to significant warnings from investors about the risks associated with leveraged loans, indicating potential vulnerabilities in the private credit market [6][10] - Europe is facing adverse effects from the ongoing US-China rare earth wars, which are negatively impacting European industries and supply chains [7][10]

Financial Performance - Circle's annual revenue is $1.7 billion, with 99% derived from treasury yields [1] - A 1% rate drop would result in a $441 million loss for Circle [1] Market & Regulatory Landscape - Rate cuts pose a threat to Circle's entire existence [1] - Regulatory wins do not solve Circle's broken revenue models [1] - There is a 65% chance of rate cuts in September [1] - Tether prints offshore, making it immune to Federal Reserve policy [1] - Circle's MiCA license is worthless at 0% interest rates [1]