April 15, 2025
United States:
Treasuries Fall With Key Gauge of Risk Reaching Decade High
Treasuries fell, while investors pushed the compensation they demand to hold longer-dated bonds to the highest in more than a decade, as the fallout from US tariff policies overshadows markets.
The 10-year yield was up two basis points to 4.39% on Tuesday after falling the most since January on Monday.
Europe:
German Investor Outlook Plunges as US Trade Chaos Takes Toll
Investor confidence in Germany’s economy plummeted as US President Donald Trump’s on-off trade measures threaten to choke off a nascent recovery.
The ZEW institute’s expectations index fell to -14 in April from 51.6 the previous month, a release on Tuesday showed.
Asia:
Japan’s Super-Long Yield Premiums Hit Highest Since 2002
The premium that investors demand to hold Japan’s 30-year government bonds over five-year notes has widened to the most in more than two decades as global volatility and fiscal concerns drive up super-long yields.
The yield spread between the two stood at around 193 basis points on a compounded basis on Monday, the most since May 2002, according to Bloomberg’s calculation.
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