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2025-09-16 21:21:04
[U.S. Treasury yields soared, followed closely by UK gilts] ⑴ Boosted by stronger-than-expected U.S. retail sales data, U.S. Treasury yields climbed, and UK gilt yields also rose. Data showed that U.S. retail sales accelerated to 0.6% month-on-month in August, higher than 0.5% in July and exceeding the 0.3% forecast by economists in a survey. ⑵ Strong economic data may curb investors' expectations for consecutive interest rate cuts by the Federal Reserve, although there is still a possibility of a rate cut on Wednesday this week. Institutional data showed that after the release of this data, the yield on 10-year UK gilts rose from the previous 4.654% to 4.661%. ⑶ Market concerns about the economic outlook are heating up. While investors are assessing the direction of interest rates, they are also closely watching changes in global macroeconomic indicators.
