June 16, 2025
United States:
Treasuries Fall as Israel-Iran Tensions Fuel Inflation Concern
US Treasuries fell as an earlier surge in oil prices fanned concern about inflation, with tensions between Israel and Iran escalating over the weekend.
The yield on 10-year US bonds rose three basis points to 4.43% on Monday, underperforming German peers.
Europe:
ECB Mustn’t Commit Either to a Pause or a Rate Cut, Nagel Says
The European Central Bank must retain full optionality on interest rates because uncertainty over the growth and inflation outlook remains elevated, according to Governing Council member Joachim Nagel.
“Since crucial factors can change quickly in the current environment, we are well advised to remain flexible,” the Bundesbank president said on Monday. “This means that pre-determining the future — neither a further interest-rate cut nor a pause in monetary policy — is not sensible.”
Asia:
BOJ to Weigh Slowdown in Bond Buying Cuts After Volatility Rises
The Bank of Japan is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest rate unchanged, in a decision that will be closely scrutinized by the bond market.
All 53 BOJ watchers surveyed expect no change in the BOJ’s 0.5% interest rate at the two-day gathering concluding Tuesday.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.