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Thursday, February 6, 2025

Asia Market Movers: US Treas Secretary Scott Bessent - more on Trump wanting lower 10 yr yield, not short term

US Treas Secretary Scott Bessent - more on Trump wanting lower 10 yr yield, not short term

I posted earlier on Bessent: Trump's Treasury Secretary Bessent threatens the largest tax hike in history The key point in his comments was this: focus is on bringing down 10-year Treasury yields, rat... 

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The Nissan - Honda merger is off

Nissan CEO Makoto Uchida has informed Honda CEO Toshihiro Mibe that he wants to cancel their memorandum of understanding (MOU) regarding potential merger discussions, according to a source familiar wi... 

Ex-RBA official Australia's weak economy, sticky CPI, trade uncertainty risk 2soft landing

Info via Bloomberg. Reporting on a view from Nick Stenner,l formerly a Senior Economist at the Reserve Bank of Australia and now Head of Australia & NZ Economics at Bank of America in Sydney. "The... 

Tamura says BoJ must raise short-term interest rates to at least 1% by the H2 fiscal 2025

Bank of Japan board member Naoki Tamura spoke today: BOJ's Tamura makes his case again for faster interest rate hikes His comment on getting rates to 1% is catching headlines: short-term interest rate... 

US government vessels to sail free through Panama Canal

AP had the news: The United States says that its government vessels would be allowed to sail for free through the Panama Canal, following heavy pressure from President Donald Trump. "US government ves... 

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Latest Forex Orders

FX option expiries for 5 February 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . And they are for USD/JPY at the 153.25 and 154.00 levels. The pair has dropped today to its lowest in seven weeks, inching below... 

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