CPI came in at 4.2% year-on-year... the highest reading since April 2023, driven unsurprisingly by energy prices (+23.5% YoY). Core however printed at 2.9% (0.2% MoM, slightly below the 0.3% the market expected).
The FOMC meets June 16–17. With headline inflation elevated and the labour market resilient, the market expects the fed to hold... which means short-term money market rates are likely to stay where they are for now.
In that environment holding cash as collateral has an opportunity cost. Instead of posting cash as margin, on OKX you can choose to hold Blackrock's Tokenised MM fund, BUIDL, as collateral.
The longer rates stay elevated the more valuable this becomes. For anyone actively trading crypto, worth looking at. Happy to answer questions on how it works in practice.
Your margin on OKX can now earn yield.
BlackRock's BUIDL, a tokenized money market fund, is available as collateral on OKX in the UAE. Post it as margin, keep trading, earn yield on the underlying while you do.
Questions on how it works? DM me.
#okx#collateral#crypto #trading