January 6, 2025
United States:
US Yields Hit 14-Month High Before $119 Billion of Debt Sales
The yield on US 30-year bonds climbed to the highest since late 2023, as a rattled Treasury market prepares for $119 billion of fresh government debt issuance this week.
The 30-year rate climbed as much as four basis points to 4.85%, the most since November 2023, before a $58 billion sale of three-year notes on Monday.
Europe:
German Inflation Up More Than Expected, Backing ECB Caution
German inflation accelerated more than anticipated last month, backing the European Central Bank’s plans to keep cutting interest rates only gradually.
Consumer prices rose 2.9% from a year ago in December, up from 2.4% in the previous month.
Asia:
BOJ’s Ueda Sends Fresh Reminder to Bankers on Raising Rates
Bank of Japan Governor Kazuo Ueda sent a fresh reminder to bankers that he’s going to raise the benchmark rate if the economy continues to improve this year.
“Our stance is that we will raise the policy interest rate to adjust the degree of monetary easing if economic and price conditions keep improving,” Ueda said Monday in his first public speech of 2025.
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