Group 1 - The Japanese government plans to significantly reduce the issuance of ultra-long-term government bonds to alleviate market concerns over excess supply and rising yields, with the new issuance expected to drop to approximately 17 trillion yen (about 109 billion USD), the lowest level in 17 years [1][2] - The Ministry of Finance intends to cut the monthly issuance of 20-year, 30-year, and 40-year bonds by 1 trillion yen each, reflecting ongoing structural pressures in the ultra-long-term bond market [2] - The government maintains stable issuance levels for medium- and short-term bonds, with plans to issue 31.2 trillion yen of 10-year bonds, keeping the monthly issuance at 2.6 trillion yen, consistent with current levels [2] Group 2 - Prime Minister Sanna Takashi has emphasized the need to focus on economic revitalization since taking office in October, indicating a shift away from strict fiscal restoration goals [3] - The upcoming budget is based on a record 21.3 trillion yen stimulus plan aimed at mitigating the impact of rising living costs on the economy [3] - Despite rising bond yields, the government has toned down aggressive fiscal spending rhetoric, with Takashi stating that the government will not resort to "irresponsible" debt issuance or tax cuts [3]

Group 1: Gold Market Analysis - The current spot gold price is around $4193 per ounce, with a slight decline observed due to cautious investor sentiment ahead of the Federal Reserve's monetary policy meeting [1][5][6] - The market anticipates a potentially hawkish interest rate decision from the Federal Reserve, leading to a wait-and-see approach among traders [1][6] - The U.S. dollar index (DXY) fluctuated around 99.07, having dipped to 98.79 earlier, while U.S. Treasury yields are on the rise, with the 10-year yield nearing 4.180%, the highest since September 26 [1][6] Group 2: Technical Analysis of Gold - Although gold remains in an upward trend, momentum is waning, raising concerns about future price movements [2][7] - Key support levels to watch are between $4175 and $4200; a break below this range could lead to increased volatility and focus on the $4100 psychological level [2][7] - Resistance levels are identified between $4220 and $4270; a strong breakout above this range could signal a renewed attempt to reach historical highs [2][7] Group 3: Oil Market Analysis - The price of WTI crude oil is approximately $58.85 per barrel, having dropped over 2% due to the resumption of production in Iraq and ongoing attention to peace talks in Ukraine [3][8] - Brent crude oil is trading below $64 per barrel, while WTI remains stable around $60; concerns about India's continued oil imports from Russia are supporting short-term prices [3][8] - The oil market is characterized by a "short-term tight, long-term loose" condition, with short-term prices influenced by geopolitical events and supply disruptions [3][8] Group 4: Technical Analysis of Oil - The current oil price is experiencing minor fluctuations, with a test of previous lows around $56; if this support is broken, a downward trend may ensue [4][9] - Short-term trends indicate an upward movement within a broad channel, but momentum is weakening, suggesting a potential decline after recent fluctuations [4][9] - Recommended trading strategy includes focusing on short positions during rebounds and monitoring resistance at $60.0-$61.0 and support at $57.5-$56.5 [4][9]

Group 1 - The long-term bond yields in developed economies have significantly increased due to factors such as government debt, potential inflation, and political situations, raising concerns among investors about the uncertainties and risks associated with holding long-term bonds [1] - The yield on the US 30-year Treasury bond approached 5%, with the spread between the 2-year and 30-year Treasury yields widening to the highest level since December 2021, indicating investor worries about the sustainability of US government debt and rising inflation [1] - Japan's 30-year bond yield reached a historic high of 3.28%, while the UK's 30-year bond yield rose to 5.752%, the highest level since 1998, and Germany's 30-year bond yield climbed to 3.37%, nearing a 14-year high [1] Group 2 - The fiscal outlook of major Eurozone economies is causing investor concerns, particularly with Germany's significant investments in infrastructure and defense, which may lead to higher long-term rates in the Eurozone [2] - France's long-term borrowing costs surged to their highest level since 2011, driven by concerns over political instability affecting fiscal consolidation efforts, which could increase the country's debt [2] - Investors are selling long-term government bonds, traditionally seen as low-risk investments, and seeking other safe-haven assets, leading to a record high in international spot gold prices at $3,577 per ounce [2]