27 September 2025 | 5:29PM HKT Economics Research China: PBOC maintained an easing bias at Q3 MPC meeting; FAQs on recent developments in CGB market Bottom line: The PBOC held its Q3 MPC meeting on September 23rd and the statement was released on September 26th. Consistent with the Q2 Monetary Policy Report, the PBOC maintained an easing bias and emphasized the effective implementation of existing measures. We think the softer PBOC language on the growth outlook helps explain rising expectations for increme ...

In the fall of 2024, the Federal Reserve cut the Fed funds rate by a full 100 base points. Conventional wisdom suggests that lower short-term rates should drag down longerterm yields. But that's not what happened.The 10-year Treasury yield actually rose, going from 3.6% up to 4.7% over the same period. Analysts were quick to call the rate cuts premature, arguing that inflation hadn't been fully defeated and that the Fed was risking another wave by easing policy too soon. 10 months on, the bond market skepti ...

The S&P 500 Index ($SPX) (SPY) today is down -0.83%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.16%.  December E-mini S&P futures (ESZ25) are down -0.80%, and December E-mini Nasdaq futures (NQZ25) are down -1.12%. Stock indexes are moving lower today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 sliding to 1-week lows. Stocks are falling for the third consecutive session as rising bond yields undercut stock prices.  S ...

We've got one day after the Fed cuts rates and signaled more cuts ahead at least through the end of this year. We've got stocks jumping to record highs, bond yields moving up as well. So here to explain all of this, Alon's chief economic adviser and former Pinco CEO, Muhammad Alarian.Muhammad, it's great to have you back on the show. Welcome. >> Thanks for having me, Morgan.>> Man, talk about volatility in the in the Treasury market here. I mean, you had a 10-year yield that broke below 4% at one point yest ...

The Fed's "third mandate" is suddenly all the talk on Wall Street as traders rethink assumptions that set bond yields for decades https://t.co/DiEyGjouu2 ...

Rising bond yields in Japan have attracted a new group of buyers to government debt — condominium associations https://t.co/8uoxTby9MU ...

Group 1 - The bond issuance volume has decreased in the current quarter, with yields hardening, leading to a potential withdrawal of corporates from the bond market back to banks [1][7] - The 10-year bond yield has risen to 6.6%, while state government 30-year bond yields have increased to 7.5% [1][7] - The Reserve Bank of India's 100 basis point reduction in the policy repo rate since February was expected to boost bank credit offtake, but large corporations have relied more on market-based instruments like commercial paper and corporate bonds [2][7] Group 2 - Commercial paper issuances by non-financial entities rose to ₹0.78 lakh crore in the first quarter of the fiscal year, compared to ₹0.30 lakh crore in the same period last year [3][7] - Corporate bonds issued by non-financial entities increased to ₹0.95 lakh crore in the same quarter, up from ₹0.09 lakh crore a year ago [3][7] - Non-food bank credit grew by 9.9% year-on-year in the fortnight ended July 25, 2025, down from 13.6% in the same period the previous year [5][7] Group 3 - The credit to industry recorded a moderated year-on-year growth of 6% compared to 10.2% in the corresponding fortnight of last year [5][7] - The Indian banking sector is expected to see an incremental credit demand of ₹323 lakh crore over the next 11 years to support an average GDP growth of 7% [6][7] - India's current credit-to-GDP ratio stands at 65%, significantly lower than over 100% for developed economies, indicating a need for improvement to achieve the goal of becoming a $30 trillion economy by 2047 [7]

Rama Mohan Rao Amara, managing director (international banking and global) markets of SBI, said that corporates are now coming to banks to meet their credit demands.."What we have seen is that issuance of debt paper volumes has come down in the current quarter. In the first quarter, issuances were to the extent of Rs three lakh crore, which has come down in the current quarter as yields are hardening," Amara told reporters on the sidelines of a CII event here.He said, "Ten-year yields have gone up by 6.6 p ...

From New York City. For our viewers worldwide, I'm Scarlet Fu and Bloomberg Real Yield starts right now. Coming up.U.S. payrolls tumble in August with just 22,000 jobs added to the economy, sending bond yields plunging across the curve. Traders are now locking in a September Fed rate cut. We begin with the big issue.A labor market introduces another weak summer employment report. This is a continued deceleration, but there's an ongoing sort of labor market slowdown. We want a labor market that's cool and th ...

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