GERMANY'S 2-YEAR BOND YIELD DOWN 6 BASIS POINTS AT 3.02%, WHILE OTHER SOVEREIGN YIELDS RISE
FRENCH 2-YEAR BOND YIELD UP 6 BPS AT 3.61%, ITALIAN 2-YEAR YIELD ALSO UP 6 BPS AT 3.48%
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FRENCH 2-YEAR BOND YIELD UP 6 BPS AT 3.61%, ITALIAN 2-YEAR YIELD ALSO UP 6 BPS AT 3.48%
(@WalterBloomberg)
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FOMC MINUTES IN FOCUS AS OCTOBER HIKE ODDS FADE
Today’s FOMC minutes will be scrutinized for how firmly officials backed further rate hikes after September’s unanimous 25bp increase.
October hike odds have fallen to around 20% from 55% after softer inflation and payroll data, but September’s dot plot showed 14 of 18 officials still expected another 25–50bp of tightening by end-2027.
Key focus: whether officials view current policy as sufficiently restrictive and how quickly they expect further hikes.
(@WalterBloomberg)
Today’s FOMC minutes will be scrutinized for how firmly officials backed further rate hikes after September’s unanimous 25bp increase.
October hike odds have fallen to around 20% from 55% after softer inflation and payroll data, but September’s dot plot showed 14 of 18 officials still expected another 25–50bp of tightening by end-2027.
Key focus: whether officials view current policy as sufficiently restrictive and how quickly they expect further hikes.
(@WalterBloomberg)
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NY FED: U.S. INFLATION EXPECTATIONS RISE SHARPLY
U.S. consumers’ 1-year inflation expectations jumped to 3.9% in September from 3.6%, the highest since May 2023, according to the NY Fed.
Three-year expectations edged up to 3.3% from 3.2%, while five-year expectations held at 3.0%.
Households also expect faster spending and higher commodity prices, while becoming more pessimistic about their finances and current credit access.
(@WalterBloomberg)
U.S. consumers’ 1-year inflation expectations jumped to 3.9% in September from 3.6%, the highest since May 2023, according to the NY Fed.
Three-year expectations edged up to 3.3% from 3.2%, while five-year expectations held at 3.0%.
Households also expect faster spending and higher commodity prices, while becoming more pessimistic about their finances and current credit access.
(@WalterBloomberg)
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US TREASURY TO BUY BACK UP TO $6B IN LONGER-DATED DEBT THURSDAY
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US SEP NY FED 1Y CONSUMER INFL EXP RISE TO 3.90% (3.58% AUG)
US SEP 3Y CONSUMER INFL EXP RISE TO 3.25% (3.19% AUG)
US SEP 5Y CONSUMER INFL EXP FALL TO 3.00% (3.01% AUG)
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US SEP 3Y CONSUMER INFL EXP RISE TO 3.25% (3.19% AUG)
US SEP 5Y CONSUMER INFL EXP FALL TO 3.00% (3.01% AUG)
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FRANCE CONSIDERS ISSUING MORE SHORTER-TERM DEBT AMID BOND-MARKET TURMOIL
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FRANCE CONSIDERS SHIFT TO SHORTER-TERM DEBT AMID BOND SELLOFF
France is considering issuing more shorter-maturity debt as investors grow increasingly reluctant to hold longer-term French bonds, Finance Minister Roland Lescure told WSJ.
France’s 10-year yield rose to 4.91%, versus 3.61% for the 2-year, steepening the curve to roughly 130bp.
Lescure said demand for 10-year debt remains solid, but 30-year issuance is “a bit trickier” amid fiscal and political concerns.
(@WalterBloomberg)
France is considering issuing more shorter-maturity debt as investors grow increasingly reluctant to hold longer-term French bonds, Finance Minister Roland Lescure told WSJ.
France’s 10-year yield rose to 4.91%, versus 3.61% for the 2-year, steepening the curve to roughly 130bp.
Lescure said demand for 10-year debt remains solid, but 30-year issuance is “a bit trickier” amid fiscal and political concerns.
(@WalterBloomberg)
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OPENAI: TEENS AVERAGE UNDER 15 MINUTES A DAY ON CHATGPT
OpenAI says teens spend under 15 minutes per day on ChatGPT on average, while fewer than 2% use it for more than three consecutive hours.
OpenAI also says ChatGPT for Teens users sent 2.7 million more learning-related messages on average than non-users.
A new College Planner is also coming as students begin the college application process.
(@WalterBloomberg)
OpenAI says teens spend under 15 minutes per day on ChatGPT on average, while fewer than 2% use it for more than three consecutive hours.
OpenAI also says ChatGPT for Teens users sent 2.7 million more learning-related messages on average than non-users.
A new College Planner is also coming as students begin the college application process.
(@WalterBloomberg)
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*FRENCH FINANCE MINISTRY: NO CHANGE IN BOND ISSUANCE STRATEGY
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🇫🇷 FRANCE TO RELEASE 10 MLN BARRELS OF DIESEL FROM RESERVES, FRANCE INFO REPORTS
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FRANCE TO RELEASE 10 MILLION BARRELS OF DIESEL FROM STRATEGIC RESERVES
France will release 10 million barrels of diesel from its strategic reserves amid surging fuel prices, France Télévisions reports.
Prime Minister Sébastien Lecornu is expected to officially announce the move Wednesday evening, alongside remarks on student protests, the agricultural crisis and France’s worsening fiscal situation as borrowing costs rise.
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France will release 10 million barrels of diesel from its strategic reserves amid surging fuel prices, France Télévisions reports.
Prime Minister Sébastien Lecornu is expected to officially announce the move Wednesday evening, alongside remarks on student protests, the agricultural crisis and France’s worsening fiscal situation as borrowing costs rise.
(@WalterBloomberg)
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CHINA SLAPS DOWN EU REQUEST FOR VOLUNTARY CURBS ON HYBRID CAR EXPORTS - FT
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TREASURY WI 10 YR YIELD 5.317% BEFORE $39B AUCTION
* US TSY 9Y-10M NOTE AUCTION: HIGH YLD 5.300%; ALLOTMENT 57.60%
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* US TSY 9Y-10M NOTE AUCTION: HIGH YLD 5.300%; ALLOTMENT 57.60%
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U.S. 10-YEAR TREASURY AUCTION DRAWS STRONG DEMAND
The Treasury sold $39 billion of 9-year 10-month notes at a 5.300% high yield, with a 2.77 bid-to-cover ratio.
Indirect bidders took a strong 80.34%, direct bidders 17.12%, while primary dealers were left with just 2.54% — signaling solid end-investor demand.
(@WalterBloomberg)
The Treasury sold $39 billion of 9-year 10-month notes at a 5.300% high yield, with a 2.77 bid-to-cover ratio.
Indirect bidders took a strong 80.34%, direct bidders 17.12%, while primary dealers were left with just 2.54% — signaling solid end-investor demand.
(@WalterBloomberg)
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CDC DIRECTOR SCHWARTZ SAYS CDC IS WORKING WITH DIFFERENT FEDERAL AGENCIES TO MONITOR IF ANYONE FROM SIBERIA ENTERS THE US- WSJ MEDIA EVENT
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SMALL MORTGAGES ARE DISAPPEARING ACROSS THE U.S.
Mortgages of $100,000 or less accounted for less than 3% of U.S. home loans in 2025-26, down from more than 12% in 2013-14, according to Realtor
The decline reflects fewer low-priced homes and persistent barriers to issuing smaller loans, limiting financing options for lower-cost buyers.
The median 2026 purchase price for homes financed with small mortgages was $109,681.
(@WalterBloomberg)
Mortgages of $100,000 or less accounted for less than 3% of U.S. home loans in 2025-26, down from more than 12% in 2013-14, according to Realtor
The decline reflects fewer low-priced homes and persistent barriers to issuing smaller loans, limiting financing options for lower-cost buyers.
The median 2026 purchase price for homes financed with small mortgages was $109,681.
(@WalterBloomberg)
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CDC DIRECTOR SCHWARTZ SAYS IS VERY CONFIDENT THAT THE THREAT TO THE UNITED STATES IS EXTREMELY LOW AFTER PLAGUE INSTITUTE WORKER'S DEATH IN SIBERIA
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TRUMP ON LAB WORKER DEATH IN RUSSIA: WE DON'T THINK IT'S BIOWEAPON BUT WILL FIND OUT
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