Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Stocks declined. Bonds in Australia and New Zealand dropped, while yields on Japan’s 10-year debt extended gains after climbing to multi-decade highs on Monday. 30-year Treasury yields rose to 5.31%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.4% to $91.24 a barrel after President Donald Trump said he wasn’t interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon.
The rise in US Treasury yields reflected investor angst over surging government spending, a flood of long-dated debt sales and inflation that has remained above the Federal Reserve’s target for the past five years. Traders are stepping up their scrutiny of bond markets even after two benign US inflation readings this month prompted them to pare bets on a Fed interest-rate increase next month. Renewed tensions in the Middle East and the recent rally in oil prices are also reviving inflation concerns as prospects for a peace deal between the US and Iran fade, raising fresh questions over the reopening of the vital Strait of Hormuz. Yardeni Research warned that investors are showing growing signs of unease over rising government debt. It said investors are becoming more concerned about the surge in borrowing by hyperscalers, while questioning whether the Fed will remain sufficiently vigilant on inflation if oil prices climb again. Elsewhere, Asian stocks erased earlier gains with MSCI’s regional gauge falling 0.6%. Shares in South Korea gave up an advance of 3.4% to decline 0.6%. As sentiment worsened, futures contracts for the Nasdaq 100 index declined 0.6%. A Bloomberg gauge of the dollar was flat after dropping to the weakest level since May on Monday. Gold fell 0.4% to about $4,400 an ounce. Meanwhile, China’s 10-year bond futures rose to a record after data on Monday showed the nation’s economic slowdown worsened at the start of the second half of the year. The yield on the US Treasury 10-year note climbed one basis point to 4.73% after rising three basis points Monday. Meanwhile, foreign holdings of Treasuries fell in June from the previous month, led by declines in the stockpiles owned by Japan and China. Traders are also focused on the Middle East. Asked whether he would seek an extension of the memorandum of understanding signed in June — which technically expires Monday — Trump told reporters, “No.” That truce was meant to give Washington and Tehran a window to reach a more lasting peace deal within 60 days. US After Hours FLXS +11.9% and DUOT +5.4% higher on earnings; KURA +5.4% on CEO insider purchase; FN -5.9% and XP -1.3% lower on earnings.
Nikkei -2.23% Hang Seng -0.14% CSI -0.69% Kospi -2.49% Shanghai -0.19% Shenzen -0.94%
Eur$ 1.1576 CNH 6.7452 CNY 6.7431 JPY 159.50 GBP 1.3539 CHF 0.8112 RUB 84.9293 TRY 47.9187 WTI$ 85.13 +0.78% Gold 4,396 -0.67% BTC 64,062 -0.45% ETH 1,889 -0.86%
S&P -0.40% Nasdaq -0.77% EuroStoxx -060% FTSE +0.06% Dax -0.50% SMI -0.38%
Macro :
- Kindergarten Vaccine Rates Drop for 2025-26 School Year
- China July Rare Earth Exports 10,314 Tons, -16.9% Y/y
- Marathon Runners Are Now Heat Training Due To Climate Change
Keep an eye on :
Keep an eye on :
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- MSFT US : Microsoft, Salesforce eye Darwinbox buyout ahead of its planned IPO
- MOW NO : Mowi 2Q Oper Ebitda Beats Estimates
- MULTI NO : Multiconsult ASA 2Q Revenue Under Estimates
- NANO FP : ADR volume was 3X Average xlosed +9.76%, 36.34 in euro vs 35.48 in paris 2.35%
- ORTHEX FH : Orthex 2Q Sales Above Estimates
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- RWC AU : Brookfield Offers to Buy Reliance Worldwide for $2.9 Billion
- RBREW DC : Royal Unibrew 2Q Net Revenue Meets Estimates
- STLA US : Stellantis Stock Sinks to Record Low Amid US Vehicle Recall, *STELLANTIS' US-LISTED SHARES CLOSE 4.5% DOWN TO A RECORD LOW
- 6976 JP : Situational Awareness Sold Taiyo Yuden Shares to Citadel, Others
- TSLA US : Tesla Pares Losses on Report of August Launch of Cybercab
- TGS NO : TGS Awarded Multi-Year AI Seismic Foundation Model Contract
- VLA FP : Kindergarten Vaccine Rates Drop for 2025-26 School Year (1)
- VIE FP : I squared-Veolia consortium leads race to acquire KKR backed Re Sustainability