August 4, 2025
United States:
US Treasury Rally Pauses With $125 Billion of Bond Sales Due
US Treasuries halted Friday’s rally as traders braced for a hefty slate of bond sales this week.
The yield on 10-year debt rose one basis point to 4.22%, trimming the steepest drop in a year on Friday. The two-year yield was steady after falling the most since 2023.
Europe:
EU Awaits Trump Actions on Car Tariffs, Exemptions This Week
The European Union is expecting US President Donald Trump to announce executive actions this week to formalize the bloc’s lower tariffs for cars and grant exemptions from levies for some industrial goods such as aviation parts, according to people familiar with the matter.
The two sides are also anticipated to publish a joint statement outlining the political commitments agreed by Trump and European Commission President Ursula von der Leyen last month, said the people, who spoke on condition of anonymity to discuss private deliberations. The legal form the actions would take is up to the US.
Asia:
Japanese Food Exports in First Half of 2025 Hit Record High
Japanese food exports in the first six months of 2025 hit a record high of ¥809.7 billion ($5.5 billion) according to the agriculture ministry.
The record figures were pushed up in part by a 22% increase in exports to the US from a year earlier, as focus intensifies on the implementation of a US trade deal agreed last week aimed at closing the trade gap between the two countries.
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