U.S. Treasury's $58B 3 or Notes Auction Yields 4.474% with Average Demand
The U.S. Treasury auctioned $58 billion of 3 or notes at a high yield of 4.474%, with bid-to-cover of 2.72X above average.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
The U.S. Treasury auctioned $58 billion of 3 or notes at a high yield of 4.474%, with bid-to-cover of 2.72X above average.
NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
US government bonds suffered their worst 10-year returns in over two centuries, losing roughly 2% a year. Bitcoin faces pressure as yields rise.
The US employment trends index improved to 108.53 in August, up from 107.71, as components showed positive average contributions.
BoE officials express concern over energy price rises and external risks with weak domestic economy.
Bond yields rise with 10-year Treasury at 4.80%, stocks fall, and gold faces headwinds as markets await CPI and central bank decisions.
The yen strengthened to a seven-month high, extending USD/JPY's slide as traders await US CPI and BoJ guidance.
France's trade deficit widened to €6.67 billion in July as imports rose faster than exports.
Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.
UBS recommends equities, bonds, and gold as Fed rate hike odds rise to 60%.
RBA's Hunter says below-trend growth is intended, housing market cools deliberately without recession risk.
Wharton professor Jeremy Siegel says midterm elections and Trump pressure are preventing the Fed from raising rates.
China's August imports grew 28.2% y/y, missing the 30% forecast, while exports and trade surplus met expectations.
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
Japan's Q2 GDP was revised up to 1.4% annualised, reinforcing expectations that the BOJ will hike to 1.25% on September 18.