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On May 15, Federal Reserve Governor Barr stated that relaxing liquidity regulations to reduce the central bank's balance sheet is a bad idea that could jeopardize the safety of the financial system. 'Recent discussions about reducing the Fed's balance sheet to lessen our 'footprint' in the financial system have been quite loud,' Barr said in a speech at a conference hosted by the New York University Monetary Market Association. 'I believe that reducing the balance sheet is the wrong goal, and many of the proposals put forward to achieve this will weaken the resilience of banks, hinder the normal functioning of the money market, and ultimately threaten financial stability,' Barr stated. 'Some proposals could actually increase the Fed's 'footprint' in the financial markets.' Barr pointed out that allowing banks to reduce their liquidity holdings as a means of shrinking the Fed's assets could increase the risk of these institutions resorting to the Fed's liquidity tools in times of distress. He noted, 'The size of the Fed's balance sheet is not the correct measure of its influence in the financial markets.' Under the Fed's system where reserves can be created 'at no cost,' the real focus should be on the effectiveness of the Fed's implementation of monetary policy. (Dongxin News Agency)

Dartmouth College added a new $3.37 million position in a SOL staking ETF in the first quarter, while maintaining unchanged holdings in BTC and ETH ETFs. (Cointelegraph)

On May 15, Thursday (May 14), at the close in New York, the yield on the benchmark 10-year U.S. Treasury rose by 1.28 basis points to 4.4816%, trading within a range of 4.4345%-4.4865% during the day, showing a long-tail W-shaped reversal pattern. After the release of U.S. retail sales data, it hit a daily low at 21:50 UTC+8 (early in the U.S. stock market). The two-year U.S. Treasury yield increased by 4.01 basis points to 4.0172%, trading within a range of 3.9501%-4.0193% during the day. The spread between the 2-year and 10-year U.S. Treasury yields decreased by 2.737 basis points to +45.811 basis points. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by 2.06 basis points to 1.9837%; the two-year TIPS yield increased by 5.73 basis points to 1.0972%; while the 30-year TIPS yield fell by 0.12 basis points to 2.7418%. (Dongxin News Agency)