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ENA token sees Standard Chartered coverage as traders await inflation data

Standard Chartered expects a major rally in Ethena's ENA token as markets look for the Fed's preferred inflation gauge after oil-driven rate-hike bets pushed 30-year Treasury yields to a 2002 high.

Reported · Written up by our desk · Market Structure

Standard Chartered has initiated coverage of Ethena's ENA token, forecasting a large rally, as summarized by CoinDesk.

CoinDesk also notes that traders are waiting for the Federal Reserve's favored inflation measure, after a month of oil-driven rate-hike bets.

Those bets lifted 30-year Treasury yields to their highest level since 2002, according to CoinDesk's live update.

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