TechFlow news, May 28 — QCP released a bulletin stating that global financial markets have entered a calm period, with volatility continuing to decline across most asset classes and market reactions to negative news weakening. After fiscal concerns triggered by the "beautiful bill" last week, U.S. Treasury yields retreated, with 10-year and 30-year yields falling below 4.5% and 5.0% respectively. Japan's 30-year government bond yield also dropped below 3%, though it remains at historically high levels.
Market focus has shifted to the upcoming U.S. Treasury auctions in June and Japan's Ministry of Finance issuance of 40-year bonds today. The current economic environment is described as "moderate." The impact of the tariff policies introduced last month has not yet fully materialized and is expected to show up in data during the third quarter.
Meanwhile, Senator Lummis' broad remarks on stablecoins and a Bitcoin strategic reserve have rekindled hopes for progress in cryptocurrency policy. Reports indicate Trump Media plans to raise $2.5 billion and join the growing number of companies establishing Bitcoin reserves. If momentum builds from discussions, more firms may follow suit, providing new structural buying support to the market.
