Cryptocurrency Woes Could Add Volatility to Short-Term Rates, Report Says – The Wall Street Journal

Cryptocurrency Woes Could Add Volatility to Short-Term Rates, Report Says – The Wall Street Journal

Blockchain Crypto Market Technology
July 7, 2022 by Coinvasity
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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com.https://www.wsj.com/articles/cryptocurrency-woes-could-add-volatility-to-short-term-rates-report-says-11657135163The woes of the cryptocurrency sector may add volatility to short-term borrowing rates, warns Steven Kelly, of the Yale Program on Financial Stability, in a research note this week. At issue is what
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https://www.wsj.com/articles/cryptocurrency-woes-could-add-volatility-to-short-term-rates-report-says-11657135163
The woes of the cryptocurrency sector may add volatility to short-term borrowing rates, warns Steven Kelly, of the Yale Program on Financial Stability, in a research note this week. At issue is what happens if more people move away from so-called stablecoins amid the broader market tumult, as these securities are tied to conventional assets like short-term Treasury debt and commercial paper, he said. Large movements out of stablecoins are “an underappreciated risk for the short-term interest rate complex” and should be on traders’ radar, said Kelly.
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