News

On June 22, according to monitoring by Hyperinsight, as of the time of writing, the 24-hour trading volume of MU on Hyperliquid was approximately $62.43 million, with a 12-hour increase of about 2.13%. In terms of news, the storage sector is gaining strength as Micron is set to announce its earnings this week, and Citigroup has raised its target price to $120. Hyperliquid address 0x3200 has opened a new 10x long position in MU today, with a position value of approximately $10.57 million and an average entry price of $1169.1. Meanwhile, the large positions in MU remain bearish, with short positions amounting to approximately $72.84 million and long positions around $40.01 million, indicating that shorts are about 1.82 times larger than longs. Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407

India's 5-year 6.36% 2031 government bond yield rebounded to 6.50% on Monday, as traders opted to take profits after previous gains. This maturity’s yield showed strong bottom support around the 6.45% level.Meanwhile, the 10-year benchmark 6.94% 2036 government bond yield remained steady at 6.85%. Market participants are awaiting new drivers; divergent performance at both ends narrowed the spread between the two securities to 35 basis points, the tightest level in two weeks.According to a trader at a foreign bank, foreign investment in the 2031 bond has slowed over the past few sessions, with profit-taking pressure being released. Previously, this spread had widened to over 40 basis points after foreign investors focused on the 5-year bond following the Reserve Bank of India's recent announcement to attract US dollar inflows earlier this month.Going forward, attention should be paid to changes in the pace of foreign capital inflows and the Reserve Bank of India's monetary policy stance, as they affect the transmission of rates at the short end. Whether the spread narrows further will depend on whether the 10-year yield finds a new trading direction.

⑴ The European Commission completed the auction of three euro-denominated bonds on Monday, with the average winning yield for the bond maturing in 2028 at 2.744%, the 2036-maturity bond at 3.392%, and the 2043-maturity bond at 3.794%. ⑵ From the pricing structure perspective, the yield curve maintains a positive premium at the long end, and the term premium for issues with maturities over ten years remains at a reasonable level, indicating that the market's confidence in the EU's long-term fiscal credibility is still strong. ⑶ This auction covered short-, medium-, and long-term maturities. The EU optimizes its debt maturity structure by diversifying issuance terms, while also providing the market with different duration choices. ⑷ Going forward, attention should be paid to how the expenditure needs of the EU Recovery Fund will impact the future pace of bond issuance, as well as to the feedback effect of secondary market yield trends on the pricing of new bonds.