Group 1 - US Treasury yields saw a slight increase as investors await the Federal Reserve's interest rate decision and potential signals regarding balance sheet reduction [1][3] - The 2-year Treasury yield rose by 0.4 basis points to 3.498%, the 10-year yield increased by 0.6 basis points to 3.989%, and the 30-year yield went up by 0.9 basis points to 4.556% [1] - The market anticipates a nearly 100% chance of a 25 basis point rate cut by the Federal Reserve, bringing the target range to 3.75% to 4% [3] Group 2 - The Mortgage Bankers Association reported a 7.1% increase in mortgage applications, with mortgage rates falling to their lowest level in over a year [3] - The average contract rate for a 30-year fixed mortgage with a balance of $800,000 or less decreased from 6.37% to 6.30% [3] - Refinance demand surged by 9% week-over-week, up 111% compared to the same period last year [3] Group 3 - Analysts expect the Federal Reserve to announce the end of quantitative tightening (QT) soon, with indications that reserve levels may have reached a sufficient point [4][5] - Deutsche Bank analysts noted that the government shutdown has hindered the Fed's ability to track economic data, impacting the focus of upcoming communications [3][4] - The European Central Bank reported a tightening of corporate credit in the Eurozone, particularly among German banks due to economic uncertainties [6] Group 4 - The Nikkei 225 index in Japan rose by 2.17%, reaching a historical high, driven by optimism surrounding US-Japan trade relations and the Fed's anticipated rate cut [8] - Japanese government bond yields mostly increased, with the 2-year yield rising by 1 basis point to 0.947% and the 10-year yield increasing by 1.5 basis points to 1.659% [10]
投资者盼望利率决定落地 中长期美债收益率小幅上扬
Sou Hu Cai Jing·2025-10-29 13:24