News in Systemic Risk: Wednesday, July 3, 2024 (11:00 a.m. ET) July 3, 2024 The asymmetric and persistent effects of Fed policy on global bond yields (Tobias Adrian, Gaston Gelos, Nora Lamersdorf and Emanuel Moench; Bank for International Settlements) The digital euro can strengthen financial stability, with limits (Rhys Bidder Tim Jackson Matthias Rottner; VoxEU) Fed needs more evidence to cut rates – Powell (Central Banking) Beware shadow banks gobbling up more risk (Christopher Jeffery; Central Banking)