Tokenized Treasuries hit $15 billion as bitcoin stalls, Fed rate-rise concerns build

Your day-ahead look for May 13, 2026 What to know : Tokenized U.S. Treasuries hit a record $15.35 billion in value locked, as traders weighed the higher chances of a Federal Reserve rate increase and sought yield outside spot crypto. Bitcoin is holding above $80,000 but faces difficulty breaking higher if inflation and real rates keep rising, with miner balance-sheet pressures potentially adding selling on rallies. Market volatility gauges signal short-term calm even as key macro and political events loom, including the U.S. PPI report, the Clarity Act vote and a Trump-Xi summit that could sway risk sentiment.