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2025-09-12 16:11:06
[Global Markets Focus on the Federal Reserve's Interest Rate Decision, Fluctuating Treasury Yields Across Countries] ⑴ The 10-year U.S. Treasury yield remains at its highest level since 2008, and UBS strategists believe there is further room for decline. ⑵ The 2-year Treasury yield rose 2 basis points to 3.548%, the 10-year rose 2.7 basis points to 4.037%, and the 30-year rose 1.6 basis points to 4.666%. ⑶ Indonesia plans to inject 200 trillion rupiah into state-owned banks, but DBS Research believes it will be unlikely to effectively boost loan growth. ⑷ UK government bond yields remained stable, with zero GDP growth in July and the 10-year Treasury yield falling slightly to 4.613%. ⑸ Gold futures rose 1% this week to $3,689.80 per ounce, on track for their fourth consecutive week of gains. ⑹ The U.S. dollar index rose 0.1% to 97.611, as markets continue to bet on significant Federal Reserve rate cuts in the coming months. ⑻ The British pound fell to a daily low of $1.3542 after the UK economy stagnated in July and manufacturing output unexpectedly declined. ⑼ The Swedish central bank is likely to cut interest rates this month due to a rapid return to target for inflation and a weak economic growth outlook. ⑽ Fitch may downgrade France's credit rating, with the 10-year French government bond yield unchanged at 3.449%. ⑾ The market is pricing in a 92% probability of a 25 basis point rate cut at the Federal Reserve's September meeting, and an 8% probability of a 50 basis point cut. ⑿ Eurozone government bond issuance is expected to fall to €106 billion in October, compared to €130 billion in September.
