Flows Return, Senate Nullifies SAB 121

May 16, 2024

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MARKET UPDATE U.S. TREASURY YIELDS AND THE DXY 0.00% CONTINUE PUSHING UPWARDS, PUTTING DOWNWARD PRESSURE ON RISK ASSETS. THE SPY -0.83%  HAS DECLINED 0.53%, BREAKING BELOW $530, AND THE QQQ -0.89%  HAS DECREASED 0.42% TO $458. Crypto assets are showing more pronounced losses, with BTC -0.48% (-1.42%) trading in the low $67,000s and ETH -2.38% (-2.29%) hovering near $3,750. Blackrock’s IBIT saw inflows of $102.5 million yesterday, bringing its total AUM to just under $20...

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