April 22, 2025
United States:
US Short-Term Yields Climb With Treasury Auctions Set to Begin
Short-term Treasury yields climbed Tuesday, while their European counterparts declined, as investor caution on US assets was compounded by a pending auction of two-year notes and several Federal Reserve speakers.
US two-year yields rose as much as five basis points to 3.81%, while Germany’s two-year yield slid as much as six basis points to the lowest level since 2022.
Europe:
ECB’s Kazimir Sees Inflation at 2% Target in Next Few Months
The European Central Bank will achieve its inflation goal in the months ahead, though must remain circumspect in the face of high uncertainty, according to Governing Council member Peter Kazimir.
“Inflation is approaching its target, and I’m confident that we’ll reach it within the next few months,” the Slovak official said Tuesday in an op-ed.
Asia:
Yen Extends Gains to Break Psychological Level of 140 Per Dollar
The yen advanced past the psychological level of 140 against the dollar as investors sought alternatives to the greenback amid increasing risks for US assets.
With the independence of the Federal Reserve under threat, heightened unease from tariffs and a looming meeting between the finance chiefs of Japan and the US, the yen broke through resistance to appreciate as much as 0.7% to 139.90 per dollar.
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