SOL Continues to Shine, TIA Airdrop Could Catalyze On-Chain Activity
Oct 31, 2023
Market Update Major equity indexes are recovering after giving up some of yesterday's gains. Short-term rates are on the rise, causing an uptick in the DXY index, while long-term rates have edged lower, potentially in response to yesterday's Treasury refunding preview that suggested Q4 debt issuance might be less than initially expected. These developments precede a pivotal macroeconomic day tomorrow featuring PMI, JOLTs data, and an FOMC decision. Additional information on the Treasury's refunding plans for the quarter, including duration mix and auction sizes, is also anticipated tomorrow.