Economics
China 10Y Yield Holds at 2025 Low
China’s 10-year government bond yield fell to around 1.67% on Thursday, remaining near its lowest level since July 2025, even as uncertainty over the extension of the US-China trade truce persisted. US Treasury Secretary Scott Bessent said the US and China had agreed to extend the truce by two months through January 10. However, China […]
by Currency Hedger
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- 4 weeks ago
U.S.–China Trade Truce Extended to January 10
Washington confirmed the U.S.–China trade truce will run until January 10, 2027, extending tariff relief and rare-earth flows beyond the November expiry. Treasury Secretary Scott Bessent announced the move Wednesday as China’s leader Xi Jinping arrived for a state visit, noting Beijing must deliver more commitments. The moratorium, first struck by Xi and Trump in […]
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- 4 weeks ago
EU Car Registrations Rise 4.5% in August
EU passenger car registrations increased 4.5% year-on-year to 708.2 thousand units in August 2026, marking the seventh straight month of growth and accelerating from 3.0% growth in July. The market continued to benefit from robust consumer demand for a range of electrified vehicles, driven primarily by market support measures and a broader model offering. The […]
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- 4 weeks ago
Australia Jobless Rate Highest Since 2021
Australia’s seasonally adjusted unemployment rate inched up to 4.6% in August, surpassing both market expectations and July’s figure of 4.5%. It was the highest since November 2021, as the number of unemployed increased by 28,200 to a five-year high of 722,900 from 694,700 in July, with the number of part-time employees increasing by 12,500 to […]
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- 4 weeks ago
US 10-Year Yield Hovers at 19-Year High
The yield on the 10-year US Treasury note held around 5.11% on Thursday after surging 16 basis points in the previous session, remaining near its highest level since July 2007 as strong economic data heightened inflation concerns and strengthened expectations for further policy tightening. The rise in Treasury yields accelerated following a weak $70 billion […]
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- 4 weeks ago
Japan 10-Year Yield Hits Fresh 30-Year High
Japan’s 10-year government bond yield climbed to around 3.06% on Thursday, reaching its highest level since August 1996 and tracking a surge in US Treasury yields as strong US private-sector activity data reinforced expectations for further Federal Reserve rate hikes. A weak auction of five-year Treasury notes also intensified the global bond selloff. Meanwhile, uncertainty […]
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- 4 weeks ago
Australia 10Y Yield Rises Near 15-Year Highs
Australia’s 10-year government bond yield rose toward 5.4%, near its highest level since mid-2011, tracking a global bond selloff fueled by strong US economic data, higher oil prices, and hawkish central-bank expectations. Strong US business activity has increased expectations for another Fed rate hike, pushing Treasury yields sharply higher. Rising oil prices also added to […]
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- 4 weeks ago
United Kingdom flash Services PMI expands slower-than-expected to 51.7 in September
The United Kingdom (UK) S&P Global Services Purchasing Managers’ Index (PMI) expands at a moderate pace to 51.7 in September. The data was already anticipated to arrive lower at 52.0 from 52.5 in August. Weak UK Services PMI led to a slowdown in the overall business activity. The Composite PMI dropped to 51.7 from 52.5 […]
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- 1 month ago
Strong PMI indicators do not help the euro! EURUSD tests key 1.1400 level
The latest preliminary PMI estimates for September brought a clear positive surprise on the demand side in the euro area. Economic activity in Europe is visibly accelerating, with key economies in the region, led by France and Germany, recording a strong rebound in the services sector. Despite challenges related to cost pressures and previous monetary […]
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- 1 month ago
Economic calendar: how will global turmoil affect preliminary PMI reports?
Wednesday’s macroeconomic calendar will focus primarily on the preliminary September PMI readings . Before noon, data from France, Germany, and the broader Eurozone will show whether the European economy is maintaining its moderate pace of recovery. In Poland, the August unemployment rate will be released, while in the afternoon the main focus will shift to […]
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- 1 month ago