TREE NEWS reports: Germany’s 10-year Bund yield rose 1.4 basis points to 3.254% in late European trading on Friday, Nov. 6, trimming its weekly decline to 6.8 basis points. The yield traded between 3.342% and 3.207% over the week, holding near highs from Nov. 2-4 before falling from the Nov. 4 U.S. equity open through the Nov. 6 European open. The 2-year yield rose 1.4 bp to 2.992%, down 5.0 bp on the week, while the 30-year fell 4.8 bp to 3.631%.
TREE NEWS update: Coinbase will open spot trading for CARD, the token of Solana-based physical trading card platform Collector Crypt, pending liquidity conditions, with the CARD-USD pair expected to launch later on Nov. 6 US time. The token, natively named CARDS, trades under the ticker CARD on Coinbase and will be available via Coinbase.com, the Coinbase App, Coinbase Advanced and Coinbase Exchange for institutions. Coinbase added CARD to its listing roadmap on Nov. 4.
TREE NEWS update: US President Donald Trump on Truth Social reaffirmed his support for AI companies, saying “they are gold” and that only “stupid leaders” would say no to the wealth they generate. The post followed a stock market selloff driven by fears of stricter regulation of the technology, which wiped out $2.3 trillion in market value.
TREE NEWS reports: Gilead reported that twice-yearly lenacapavir achieved 85.6% one-year persistence in HIV pre-exposure prophylaxis, nearly double that of daily oral F/TDF. No HIV infections occurred in the lenacapavir group over the 52-week study period, compared with one infection in the daily oral F/TDF group. Serious adverse events were uncommon and unrelated to treatment, with no discontinuations due to adverse events in the lenacapavir arm.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said it is unclear how long Japan’s inflation can stay at the 2% target, suggesting it has not yet taken root among the public. “Underlying inflation is 2% — our goal is to keep it there,” Ueda said Friday during a Q&A after a speech at the IMF in Washington. His remarks came a week after the BOJ declared underlying inflation had reached 2% for the first time since the target was set in 2013.
TREE NEWS update: Sweden Democrats leader Jimmie Åkesson has dropped his party’s demand to be in the next Swedish government, moving to end a two-month political deadlock. The far-right party is preparing to enter opposition and will “tolerate” a centre-right government led by caretaker Prime Minister Ulf Kristersson without seeking cabinet posts or policy influence. Centre Party leader Elisabeth Thand Ringqvist called on Kristersson and Social Democrat leader Magdalena Andersson to hold parallel talks with her and submit a complete proposal by next Friday.
TREE NEWS update: Threshold has set a target for reconnecting tBTC as its week-long redemption pause continues, with Bitcoin redemptions to resume once enough operators return. Aave’s $123.2 million Ethereum Core tBTC reserve remains frozen in the meantime.
TREE NEWS reports: Bank of America strategists Katie Craig and Mark Cabana recommended going long the June SOFR/Fed funds basis, currently at -2.4 basis points, with a target of 0 and a stop-loss at -5 basis points. The risk to the position is an early resolution of the debt ceiling issue.
TREE NEWS reports: Bank of America strategists Katie Craig and Mark Cabana now expect the debt ceiling to become a hard binding constraint in February 2027, earlier than their prior May forecast, due to a higher-than-expected Treasury General Account balance. They maintained their November 2027 X-date projection but said the Treasury could “uncomfortably approach” that date as early as August 2027.
TREE NEWS update: Chainalysis began reopening its compliance tools on Wednesday, requiring customers to submit trusted IP addresses before access and to set new passwords afterward. The firm said in its sixth breach update that all users’ password hashes were exposed in the incident.
TREE NEWS reports: International copper closed down 0.14% in the night session, while Shanghai copper slipped 0.05%, Shanghai aluminum rose 0.43% and Shanghai zinc fell 1.31%. Shanghai lead dropped 0.84%, Shanghai nickel gained 0.39% and Shanghai tin rose 1.02%. Alumina added 0.49% and aluminum alloy 0.11%, while stainless steel rose 0.32%.
TREE NEWS update: Coinbase will support the migration of native ZetaChain (ZETACHAIN) tokens to ZetaChain (ZETA) on the Ethereum network from Dec. 7 to Dec. 10, the exchange’s assets team said. ZETACHAIN order books have already switched to limit-only mode and trading will be disabled on Dec. 7, with deposits and withdrawals also affected. Holders of ZETA on Ethereum are unaffected.
TREE NEWS update: Thailand’s SEC has filed a criminal complaint with the Economic Crime Investigation Bureau against BG Limited, the operator of Bitget, for running an unlicensed digital asset exchange. The regulator said Bitget offered trading systems and charged fees to Thai users from 2022 to 2025, operating a Thai-language site with baht pricing and promoting via social media. The Digital Economy and Society Ministry has been told to block Bitget’s websites and app from Dec 5, and users are urged to manage assets before then.
TREE NEWS reports: Wells Fargo advised clients to buy the New Zealand dollar against the US dollar ahead of New Zealand’s general election this weekend. The bank issued the trade recommendation on the currency pair, positioning for the weekend vote. No further details on the size, target or rationale of the trade were provided.
TREE NEWS reports: Boeing is expected to deliver roughly 32 737 Max aircraft in October, which would mark its weakest monthly delivery total in nearly a year. The figure points to a slowdown in the planemaker’s handovers for the month.
TREE NEWS update: Mercado Pago, the payments arm of Mercado Libre, told users in its app on Friday that crypto transfers were unavailable and deposits would be delayed due to system instability, and said it is working on a fix. The same day, Brazilian digital bank Nubank paused crypto deposits and withdrawals because of an external data provider outage, saying buy and sell services remained operational and customer assets and data were protected. Neither firm confirmed whether the two failures were related.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda declined to comment on AI-related events that occurred over the past few days, he said. Ueda added that for Japan, AI overall brings a positive demand shock.
TREE NEWS update: Bank of Japan Governor Kazuo Ueda said unconventional monetary policy has produced some positive effects, and that the central bank could be forced to deploy such tools again if Japan faces a severe shock. Ueda made the remarks on the effects of non-standard policy measures, without specifying a timeframe or the nature of the potential shock.
TREE NEWS update: OpenAI is in negotiations for a new funding round that would value the company close to 50% higher than its March 2025 round, chief financial officer Sarah Friar said. The company did not disclose the size of the round or the specific valuation being discussed. The March round was led by SoftBank at a $300 billion post-money valuation.
TREE NEWS update: Ukrainian President Volodymyr Zelensky said preparations for a trilateral meeting in Abu Dhabi were discussed, following a meeting in Brussels with NATO and European countries and contact with a U.S. presidential representative. Zelensky said Kyiv has conveyed proposals for “real potential outcomes” to the U.S. side and that all parties agreed European security issues should be discussed with European countries participating.