Central Banks
Swiss Federal Council appoints Christoph Ammann as SNB Bank Council President
Ammann will succeed Barbara Janom Steiner in May 2027; Marc Mächler named Vice President. Appointments follow statutory term limits.
Citrini Research forecasts bond rally as U.S. shifts debt strategy
Firm sees 30-year Treasuries outperforming amid coordinated Treasury-Fed policy to reduce long-dated supply. Recommendation targets narrowing yield gap by November.
ECB's Kocher says European economy gaining momentum
European Central Bank council member Martin Kocher flags resilience and improving growth in the euro area, while warning inflation remains a concern ahead of September policy decisions.
Fed’s Williams: Rising yields reflect strong economy, not inflation pressure
New York Fed chief attributes higher bond yields to robust growth and AI investment rather than price pressures, as tariffs and geopolitics keep inflation elevated.
Swiss banks face CHF 12-24 bln mortgage funding gap under Basel III
New Basel III rules could leave a CHF 12-24 billion annual financing shortfall for Swiss real estate and development projects, while owner-occupied housing benefits from lower capital requirements.
ECB policymaker signals readiness for further rate hikes if inflation rises
ECB Governing Council member Gabriel Makhlouf warns the central bank must remain prepared to tighten policy further amid inflation risks. Upcoming decision next week seen as data-dependent.
Fed’s Williams says U.S. bond yield rise reflects strong economy
New York Fed chief cites AI and data center investment as drivers of higher long-term Treasury yields, dismisses inflation concerns. Labor market remains stable, he adds.
Brazil central bank to tighten household credit risk rules
Measures target high-cost loans as household debt risks rise; central bank cites need for sustainable credit provision and capital accumulation.
Fed’s Hammack expects inflation near 3% by year-end, mid-2s in 2027
Federal Reserve Bank of Cleveland President Beth Hammack projects inflation will remain above target through 2026 before easing toward the mid-2% range in 2027. She reiterates the case for further rate hikes to curb price pressures.
Fed officials warn inflation remains sticky ahead of Jackson Hole meeting
Kansas City and Chicago Fed presidents flag persistent price pressures as the annual symposium convenes in Wyoming. Upcoming policy decision looms amid five-year stretch above target.
Fed officials Hammack, Schmid call for higher rates amid inflation concerns
Cleveland Fed's Hammack and Kansas City Fed's Schmid urge rate hikes, citing persistent inflation and lack of policy restraint. Second Fed call for hikes in a single day.
ECB’s hawkish stance lifts real rates, UBS says, as bond yields rise
UBS argues the ECB’s shift toward tighter policy since March is driving real rate expectations higher, with limited impact on euro-area term premia. The bank sees scope for further tightening into 2027.
JPMorgan sets 30K-70K jobs range as ideal for Fed meeting
Bank says nonfarm payrolls in the 30,000 to 70,000 range would align with a 'goldilocks' scenario ahead of the Federal Reserve's September 16 policy meeting.
Liz Truss warns UK bond rout may force spending cuts
Former UK Prime Minister Liz Truss cautions that a bond market selloff could lead to emergency fiscal adjustments.
ECB September rate hike odds rise after July minutes, ING says
ING cites stronger-than-expected eurozone data and July meeting minutes as evidence mounting for a September rate increase by the European Central Bank.
Kansas City Fed’s Schmid says inflation remains persistent, rates not restrictive
Federal Reserve Bank of Kansas City president Jeffrey Schmid signals support for higher rates to curb stubborn price pressures amid 2% inflation target.
Canadian bond yields steady as global rates swing
Canada's government debt yields held firm while U.S. Treasuries gyrated on auctions and inflation data. No domestic catalysts drove movement.
Brazil central bank sells $2 bln in spot and swap auctions
Central Bank of Brazil conducts simultaneous $1 billion spot sale and $1 billion reverse currency swap auction to provide dollar liquidity.
Global bond selloff deepens as yields hit multi-decade highs
Rising inflation bets, soaring debt loads and central bank hawkishness have driven global bond yields to levels not seen in decades, with Japan's 10-year yield at 3% for the first time since 1996.
US Treasury Secretary urges G20 to prioritize growth over debt reduction
Scott Bessent tells G20 financial leaders in Asheville that economic expansion is the primary solution to global debt burdens amid post-crisis and pandemic-era obligations.
Fed’s Schmid says current rates not restricting growth, flags rate hike risk
Kansas City Fed chief says policy stance is not yet restrictive enough to curb inflation, signaling potential hikes despite economic resilience. Remarks made at Jackson Hole conference.
Fed's Warsh to deliver pivotal speech at Jackson Hole symposium
Investors await signals on U.S. monetary policy and inflation strategy as new Fed Chair Kevin Warsh addresses the annual Kansas City Fed gathering in Wyoming. Rising U.S. Treasury yields and debt sustainability concerns add urgency to the remarks.
ECB minutes show oil price swings, inflation risks remain
Governing Council’s July meeting minutes highlight persistent energy price volatility, upward pressure on food costs and rising medium-term inflation expectations despite recent oil price declines.
Australia 10-year yields hit 15-year high on strong GDP, inflation concerns
Ten-year government bond yield climbs to 5.223% as economic growth and inflation data outpace forecasts, lifting rate hike expectations for the Reserve Bank of Australia.