Group 1 - The core viewpoint of the articles is that the end of the U.S. government shutdown and the resumption of economic data releases are expected to increase volatility in the foreign exchange market, particularly for the U.S. dollar [1][2] - Bank of America strategists noted that the sensitivity of the dollar to global interest rates has reached its highest level since the first quarter of this year, indicating potential fluctuations in the dollar as economic data is released [1] - The resumption of data releases is deemed critical, as it may lead to increased volatility in U.S. interest rate differentials, which are significant for foreign exchange traders [1] Group 2 - Recent months have seen a significant decline in measures of currency volatility, attributed to cautious investor assessments of global tariffs and central bank monetary policies [2] - The narrowing of yield differentials, particularly as several central banks, including the European Central Bank, approach the end of their easing cycles, has contributed to a calmer foreign exchange market [2] - The dollar's performance has shifted to reflect growth rather than inflation, as there has been a lack of data to validate economic resilience, leading to a more neutral positioning among investors regarding the dollar [2]

Core Viewpoint - The U.S. Treasury yields experienced fluctuations, with the 10-year yield rising slightly while the 2-year yield showed a more significant increase, indicating market volatility and investor sentiment shifts [1] Group 1: Treasury Yields - The 10-year U.S. Treasury yield increased by 0.57 basis points, closing at 4.0378% [1] - The 2-year Treasury yield rose by 2.08 basis points, reaching 3.5014% [1] - The yield spread between the 2-year and 10-year Treasury notes decreased by 1.506 basis points, now at +53.429 basis points [1] Group 2: Inflation-Protected Securities (TIPS) - The 10-year TIPS yield increased by 1.12 basis points, now at 1.7349% [1] - The 2-year TIPS yield rose by 2.28 basis points, reaching 1.0051% [1] - The 30-year TIPS yield saw an increase of 0.60 basis points, now at 2.4126% [1]

Group 1 - The yield on Germany's 10-year government bonds increased by 1.7 basis points, reaching 2.606%, with intraday trading between 2.555% and 2.627% [1] - The yield on 2-year German bonds decreased by 0.2 basis points, settling at 1.842%, with intraday trading between 1.811% and 1.858% [1] - The yield on 30-year German bonds rose by 5.1 basis points, reaching 3.088% [1] Group 2 - The yield spread between 2-year and 10-year German bonds increased by 1.933 basis points, now at +76.147 basis points [1]

Group 1 - The yield on German 10-year government bonds increased by 3.2 basis points, reaching 2.680% [1] - The yield on 2-year German bonds rose by 2.4 basis points, now at 1.936% [1] - The yield on 30-year German bonds increased by 4.5 basis points, currently at 3.126% [1] Group 2 - The spread between 2-year and 10-year German bond yields increased by 0.783 basis points, now at +74.055 basis points [1]