Market News
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US 10-year Treasury yield tumbles as Treasury steps in to calm bond market
The US 10-year Treasury yield declines sharply on Wednesday, trading at 4.651% at the time of writing after reaching an intraday high of 4.712%.
Japanese Yen advances as falling Treasury yields pressure US Dollar
The Japanese Yen (JPY) extends its intraday gains on Wednesday as the US Dollar (USD) comes under fresh selling pressure following a sharp decline in longer-term US Treasury yields. At the time of writing, USD/JPY trades around 158.47, its lowest level in more than a week.
United Kingdom: Energy-driven upside risks – Societe Generale
Societe Generale’s Sam Cartwright notes United Kingdom (UK) headline inflation rose to 2.9% year-on-year in July, driven mainly by higher household energy bills.
Colombia Trade Balance: $-2.161M (June) vs $-1222.7M
Colombia Trade Balance: $-2.161M (June) vs $-1222.7M
Thai Baht: Higher commodities threaten Baht stability – Commerzbank
Commerzbank analysts note that the Bank of Thailand (BoT) is expected to keep its policy rate at 1.0%, seeing it as sufficiently accommodative. USD/THB has consolidated in a 32.90–33.30 range, with rising global commodity prices and foreign outflows posing downside risks for the Baht.
Canadian Dollar strengthens as Trump pauses 50% tariffs, Oil prices climb
USD/CAD declines on Wednesday and trades around 1.3810 at the time of writing, down 0.62% on the day.
Australian Dollar: RBA keeps hawkish bias on inflation – BNY
BNY’s Geoff Yu reports the Reserve Bank of Australia remains concerned about inflation, with Deputy Governor Andrew Hauser saying further rate hikes cannot be ruled out.
United States EIA Heating Oil Stocks Change declined to -0.537M in August 14 from previous 0.192M
United States EIA Heating Oil Stocks Change declined to -0.537M in August 14 from previous 0.192M
United States EIA Gasoline Stocks Change: 0.688M (August 14) vs -0.968M
United States EIA Gasoline Stocks Change: 0.688M (August 14) vs -0.968M
United States EIA Distillate Stocks Change dipped from previous -0.01MÂ to -1.53M in August 14
United States EIA Distillate Stocks Change dipped from previous -0.01MÂ to -1.53M in August 14
United States EIA Crude Oil Stocks Change above forecasts (-0.6M) in August 14: Actual (4.405M)
United States EIA Crude Oil Stocks Change above forecasts (-0.6M) in August 14: Actual (4.405M)
Bank of England: Rate hold baseline with conflict risks – Societe Generale
Sam Cartwright at Societe Generale argues recent easing in United Kingdom (UK) services inflation and labour market loosening support the Bank of England’s wait-and-see stance. The baseline view is Bank Rate stays at 3.75% through 2026 to restrain underlying inflation.
United States Dollar Index falls as US Treasury doubles long-dated debt buybacks
The US Dollar Index (DXY) comes under fresh selling pressure on Wednesday as longer-term US Treasury yields fall sharply following the Treasury Department’s decision to expand its buyback operations.