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Bitcoin Churns Near $90,000 After Largest Drop Since US Election

(Bloomberg) -- Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets as traders assess the potential impact of President-elect Donald Trump’s policy agenda.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimb

Five Key Charts to Watch in Global Commodity Markets This Week

(Bloomberg) -- Holdings in exchange-traded funds backed by gold are taking a beating following Donald Trump’s US election win. The global appetite for more chicken is giving poultry producers a lift. And as the United Nations’ COP29 climate summit enters its second week, European data shows we’re losing the fight to limit global warming.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’

Treasuries See 2024 Gains Dwindle With December Fed Cut at Risk

(Bloomberg) -- A two-month slump has all but wiped out the US Treasury market’s gains for the year, as traders brace for Donald Trump’s return and also the chance of slower interest-rate cuts from the Federal Reserve.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe Cit

Bitcoin Hits An All-Time High, But Nvidia Has Outperformed It Dramatically Over The Last Five Years

Bitcoin might be making headlines for hitting an all-time high after the U.S. presidential election, but an even more impressive success story is unfolding. While the world’s most popular cryptocurrency is nearing the $100,000 milestone, Nvidia (NASDAQ:NVDA) has outperformed Bitcoin significantly over the past five years. Don't Miss: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years.

Philippines launches interest rate swaps market to boost bond liquidity

The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and liquidity. The start of IRS transactions follows the recognition by the International Swaps and Derivatives Association of the benchmark - the overnight reference rate (ORR) - which the Bankers Association of the Philippines helped establish. IRS, a fixture of developed fixed-income markets, lets parties manage rate risk or bet on the direction of borrowing costs by exchanging fixed and floating interest rate streams.