May 28, 2025
United States:
US Treasuries Drift Ahead of Auction With Spotlight on Demand
US Treasuries slipped, snapping three days of gains, as attention turns to a fresh wave of supply after recent auctions signaled weaker demand for government paper.
The yield on the 10-year benchmark was three basis points higher at 4.47%.
Europe:
ECB Says Consumers’ Inflation Expectations Rise for Second Month
Inflation expectations of euro-area consumers increased for a second month in April, the European Central Bank said.
Prices were seen rising 3.1% over the next 12 months, up from 2.9% in March, according to a monthly survey released Wednesday. That’s the highest level since February 2024.
Asia:
BOJ’s Bond Holding Paper Losses Hit Record After Rate Hikes
The Bank of Japan amassed the largest amount of unrealized losses on record from its government bond holdings in the year ended March, highlighting the challenges it faces in unwinding more than a decade of extraordinary monetary easing.
The paper losses from government bonds tripled from the previous year to ¥28.6 trillion ($198 billion) at the end of the fiscal year 2024, according to the central bank’s financial statement released Wednesday.
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