Group 1 - The yield on Japan's 10-year government bonds decreased by 0.5 basis points to 1.655% [1] - The yield on Japan's 5-year government bonds fell by 3 basis points to 1.19% [1]

Core Points - The 2-year Japanese government bond yield decreased by 5 basis points to 0.890% [1] Group 1 - The decline in the 2-year Japanese government bond yield indicates a shift in investor sentiment towards lower interest rates [1] - The current yield of 0.890% reflects ongoing economic conditions and monetary policy in Japan [1] - This movement in bond yields may influence investment strategies and market dynamics in the region [1]

每经AI快讯，10月6日，2年期日本国债收益率下跌5个基点，至0.890%。 ...

Core Insights - The US services sector stagnated in September, with weak orders and business activity, and employment shrinking for the fourth consecutive month [1][3][5] Economic Indicators - The ISM non-manufacturing index for September was reported at 50, significantly below the expected 51.7 and the previous value of 52, indicating a stagnation point [3][5] - The services PMI from S&P Global Market Intelligence indicated a slight slowdown in growth, but overall performance for Q3 was impressive, with an estimated annualized GDP growth rate of around 2.5% [6] Sector Performance - Growth in the services sector was primarily driven by financial services and technology, with signs of improvement in consumer-related services, potentially linked to lower interest rates [6][7] - The new orders index fell by 5.6 points to 50.4, nearly erasing the previous month's gains, indicating minimal growth in orders [7] Employment and Costs - Employment index continued to shrink for the fourth month, although the pace of decline slowed, suggesting a weak labor market [7] - The prices paid index rose to 69.4, one of the highest levels in three years, indicating rising cost pressures attributed to tariffs [7][9] Supply Chain and Inventory - Delivery times extended in September, with the supplier deliveries index rising to its highest level since February [7] - Inventory levels dropped to the lowest since the beginning of the year, although concerns about excessive inventory slightly increased [7]

Economic Indicators - The final reading for the services PMI in September improved to 54.2%, up from a mid-month reading of 53.9% [1][3] - Although the current reading is the best since August, it is sequentially lower than the previous month's figure of 54.5% [2][3] - The services sector remains in expansion territory, with the last reading below 50 occurring in January 2023 [2][3] Market Reactions - Equity markets reacted positively to the services PMI number, indicating investor confidence despite the slight decline from the previous month [3] - Treasury yields showed minimal movement, with the 10-year yield at 4.09%, down nine basis points for the week but up one basis point for the day [4]

Core Viewpoint - The yield on Japan's two-year government bonds has decreased by 0.5 basis points to 0.945% as of October 3 [1] Group 1 - Japan's two-year government bond yield is currently at 0.945% [1]

Core Points - Japan's 10-year government bond yield has risen to 1.67%, the highest level since July 2008 [1] - The Ministry of Finance set the coupon rate for the upcoming 10-year bonds at 1.7%, an increase from 1.5% in the previous quarter, marking a 17-year high [4] - The rise in long-term interest rates is driven by expectations of an early interest rate hike by the Bank of Japan [4] Summary by Category Government Bonds - The coupon rate for the 10-year government bonds has been adjusted to 1.7%, reflecting a significant increase from the previous rate of 1.5% [4] - The increase in interest rates may lead to higher debt servicing costs for the government, raising concerns about fiscal pressure [4] Monetary Policy - Two policy committee members of the Bank of Japan proposed raising the policy rate to around 0.75% during the September monetary policy meeting, contributing to market expectations of a rate hike in October [4] - The ruling party's minority status in both houses of parliament has heightened vigilance regarding fiscal expansion, which is also a factor contributing to the rise in long-term interest rates [4]

Core Viewpoint - The yield on Japan's 5-year government bonds has decreased by 1 basis point to 1.220% [1] Group 1 - The decline in the 5-year government bond yield indicates a potential shift in investor sentiment towards safer assets [1]

Core Viewpoint - The German bond market experienced fluctuations in yields, with the 10-year bond yield rising initially before declining significantly after the release of U.S. employment data. Group 1: Bond Yields - The 10-year German bond yield increased by 0.2 basis points to 2.713% before reaching a daily high of 2.744% [1] - The 2-year German bond yield decreased by 0.6 basis points to 2.013% [1] - The 30-year German bond yield rose by 1.8 basis points to 3.298% [1] Group 2: Yield Spread - The yield spread between the 2-year and 10-year German bonds increased by 0.722 basis points to +69.735 basis points [1] Group 3: Market Reactions - European stocks opened higher but experienced a decline following the release of the U.S. ADP employment data [1] - The 10-year bond yield fell to a daily low of 2.693% before the release of the U.S. ISM manufacturing index [1]

每经AI快讯，9月30日，澳大利亚3年期国债收益率收盘上涨1个基点至3.55%。 ...