Bets on rising consumer prices in Japan are keeping a lid on bond yields when adjusted for inflation, in turn reducing their ability to support the yen https://t.co/3cJjVLq2l2 ...

Rick Sanchelli joining us now with more on the bond report where I I suspect you will reference Japan, Rick. >> Oh, absolutely. We'll leave the best to the end.Yes, ADP. Look at a bar chart of one year. Definitely some deterioration.Is it anybody's first choice when the day is all coming in on time. Probably not. But anecdotally, it seems to fit that the labor market is weakening.Just how much. It's kind of hard to tell. Look at a 12-hour chart of 10.You can clearly see the week data took its toll early, bu ...

US stocks entered December in a cautious mood, pressured by a renewed slide in cryptocurrencies and rising bond yields after the Bank of Japan signaled it may soon tighten its policy https://t.co/z59KhCiwV1 ...

In a time of higher inflation, a falling yen and rising bond yields make a noxious blend https://t.co/Od3rrPBvfP ...

South African benchmark bond yields fell to the lowest on record after S&P Global Ratings raised the country’s credit rating for the first time in nearly two decades https://t.co/MxFIzcdlTt ...

Bond Auction Analysis - The auction of $69 billion two-year notes received a "C" grade, indicating moderate demand [1] - The auction of $70 billion five-year notes was considered a "B," suggesting solid demand [1] - A six-hour chart of the 5-year notes shows low yields coinciding with the auction's conclusion around 1:00 PM Eastern [1] Yield Curve and Trends - Two-year, three-year, and five-year yields are slightly elevated, flattening the yield curve [2] - Seven-year yields are virtually unchanged, with a $44 billion seven-year auction scheduled for the next day at 1:00 PM Eastern [2] - The 10-year yield has been circulating around 4%, with intraday lows at 394 and highs at 405 over the past two weeks [3] - The 10-year yield has been closing between 395 and 403 over the last couple of weeks, indicating a tight range [3] Impact of Fed Policy - Elevated yields earlier in the month were attributed to the Fed minutes released on October 8th, which highlighted concerns about the labor market [4] - The Fed's concerns about the labor market pushed yields down, acting as a catalyst for an aggressive easing cycle [4] - The market anticipates another easing measure from the Fed this week [4]

Japan should avoid taking on more debt to boost its economy, a senior IMF official warned, as concerns over higher spending triggered by political instability put pressure on long-term bond yields https://t.co/skCC0lDvlX ...

Monetary Policy - South Africa's central bank is aiming at the bottom of its 3% to 6% target range [1] - Lowering the official inflation goal could lead to a further decrease in bond yields [1] Bond Market - Bond yields have already significantly decreased following the central bank's announcement [1]

Group 1: Dollar Index and Economic Indicators - The dollar index rose by +0.63%, reaching a 2.25-month high, supported by higher bond yields and weakness in stocks, which increased liquidity demand for the dollar [1] - Fed Governor Michael Barr's hawkish comments on a cautious approach to further Fed rate cuts contributed to the dollar's gains [1][3] - The ongoing US government shutdown, now in its second week, poses a bearish outlook for the dollar, with potential negative impacts on the US economy [2] Group 2: Euro and Yen Performance - The EUR/USD pair fell by -0.64%, hitting a 2.25-month low, primarily due to dollar strength and weaker-than-expected German trade data [5] - Political uncertainty in France is negatively impacting the euro, although President Macron's announcement of a new prime minister could mitigate the need for a snap election [5] - The yen is also under pressure due to political risks in Japan, benefiting the dollar [1] Group 3: Federal Reserve Outlook - New York Fed President John Williams indicated support for lower rates this year if economic conditions evolve as expected, with inflation projected to rise to around 3% and unemployment increasing beyond 4.3% [4] - The market is pricing in a 95% chance of a -25 basis point rate cut at the upcoming FOMC meeting on October 28-29 [4] Group 4: European Central Bank (ECB) Stance - The ECB's September meeting minutes were slightly hawkish, indicating a decision against an interest rate cut due to upside inflation risks [6] - Policymakers suggested that maintaining the current policy rate is warranted given the materialization of upside risks [6]

Let's talk a little bit about what he's saying in Japan. Mark, your take on it. Is it an overreaction.Equities up very, very sharply decent moving the yen decent move in JGBs. I think it's the correct reaction. I think it's an appropriate reaction, not necessarily an overreaction, but this isn't the start of sustainable trends.So we've got a likely new prime minister who is much more in favour of kind of fiscal expansion and certainly to get that kind of coalition, that's what she's going to probably have t ...