Central Banks
Treasury’s bond-buying plan fails to calm long-dated yields
Thirty-year Treasury yields rose toward 5.30% after remarks on potential intervention by U.S. Treasury Secretary Scott Bessent drew little market response.
China holds benchmark lending rates steady for 15th month in August
The People's Bank of China kept the one-year and five-year loan prime rates unchanged at 3.00% and 3.50%, respectively, as policymakers prioritize fiscal support over further monetary easing amid weak July economic data.
Global bond yields surge to multi-decade highs on US turmoil
US long-term borrowing costs hit 2007 highs, dragging G7 yields higher amid Iran war, inflation fears and political uncertainty. Central bank responses remain uncertain.
St. Louis Fed’s Musalem keeps September rate call open
Federal Reserve Bank of St. Louis President Alberto Musalem said he will not prejudge his view ahead of the September FOMC meeting, citing dependence on incoming data.
Fed's Musalem signals data-dependent stance ahead of September meeting
St. Louis Fed President says September rate decision hinges on incoming data, with inflation still above target. Comments underscore cautious approach to policy amid mixed economic signals.
Mexico’s central bank holds rates at 6.5% amid inflation concerns
Banxico signals prolonged pause as services inflation remains sticky, while peso gains 6% in 2026.
China holds loan prime rates steady for 15th month in August
The People's Bank of China kept the one-year and five-year loan prime rates at 3.00% and 3.50%, respectively, as weak domestic demand and banking sector constraints limited policy options.
U.S. 30-year Treasury yield jumps 5.4 bps after debt buyback plan
Long-dated U.S. bond yields rose after the Treasury announced a larger debt buyback program, while global stocks edged higher following four straight sessions of declines.
Switzerland adopts EU’s 20th Russia sanctions package
New measures include asset freezes on 115 entities and a ban on Russian crypto platforms and digital ruble support. Implementation begins August 20.
U.S. Treasury may expand bond buyback program beyond $4 bln per issue
Secretary Bessent signals potential increase in Treasury bond repurchases to stabilize markets and address yield distortions. Update follows surprise doubling of buyback size announced Wednesday.
U.S. Treasury doubles long-dated bond buybacks after yield surge
Long-dated U.S. Treasury yields fell 10 bps after the government doubled planned bond buybacks. Stocks rose, gold and bitcoin gained, while the dollar weakened sharply against the Swiss franc.
Fed minutes signal potential rate hikes if inflation persists
July FOMC minutes show most policymakers favored holding rates but saw upside inflation risks. Three dissenters pushed for a 25-basis-point hike as oil prices and geopolitics cloud the outlook.
Fed minutes show growing inflation worries at July meeting
Minutes from the July 28-29 Federal Reserve meeting reveal increased concerns over broad-based price pressures, with three policymakers dissenting in favor of a rate hike. The benchmark rate remained at 3.50%-3.75%.
U.S. Treasury doubles buyback sizes for 10- to 30-year debt to $4 bln
Longer-dated Treasury buybacks to rise to at least $4 billion per operation from September, as yields on 30-year bonds hit 19-year highs. Maximum repurchases could reach $83 billion through November.
FOMC minutes, Target and Analog Devices earnings in focus
U.S. stock futures edge higher ahead of Fed minutes while retailers and chipmakers report earnings. Oil prices rise on Iran tensions, tariffs on Canadian goods paused.
Egypt’s central bank holds key rates steady at 19%, 20%
The Monetary Policy Committee maintained overnight deposit and lending rates as inflation pressures remain elevated in the North African economy.
Egypt’s central bank leaves key rates at 19-20% as inflation cools
Monetary policy committee holds overnight deposit and lending rates steady amid easing price pressures. Decision follows July inflation slowdown to 33.6% year-on-year.
U.S. accused of interest-rate manipulation after doubling bond buybacks
Criticism of the Swiss National Bank’s currency interventions highlights parallels with Washington’s bond-market interventions, which similarly distort market pricing. Analysis of policy overlap and unintended consequences.
Fed’s Daly says Treasury actions not yet a focus amid inflation mandate
San Francisco Fed President Mary Daly signals the central bank remains concentrated on its 2% inflation target, downplaying immediate impact of Treasury’s debt management steps.
Fed’s Daly says bond market reflects well-positioned policy stance
Federal Reserve Bank of San Francisco President Mary Daly cites Treasury market signals as evidence that current monetary policy is appropriately calibrated, while dismissing urgency for preemptive rate adjustments.
Japan’s bond rout threatens fiscal plans as 10-year yield nears 3%
Surge in JGB yields to three-decade highs risks derailing Japan’s fiscal strategy, with debt-servicing costs projected to rise by over 30% by fiscal 2029. Policy makers face limited options amid persistent inflation pressures.
U.S. Treasury expands buybacks as long-dated yields retreat from 19-year highs
Expanded liquidity operations target 10-30 year Treasuries as 30-year yield drops 14 bps from peak. Policy shift follows two-day global bond rout.
China set to hold loan prime rates steady in August amid weak economy
All 25 surveyed banks expect the one-year and five-year loan prime rates to remain at 3.00% and 3.50%, respectively, as policymakers prioritize fiscal measures over monetary easing.
ECB’s Rehn says wage growth stays moderate, inflation risks limited
Finland’s central bank chief cites anchored expectations as key to preventing second-round effects amid steady wage trends.