On January 24th, the Bank of Japan raised its target interest rate from 0.25% to 0.50% if it expected to raise interest rates by 25 basis points. The rate hike was the largest since 2007, and interest rates rose to a new high since October 2008. After restarting interest rate hikes in March last year, the Bank of Japan has raised interest rates three times in less than 12 months.
The Bank of Japan raised its target interest rate by 25 basis points to 0.50 per cent from 0.25 per cent as expected, the biggest increase since 2007 and the highest since October 2008. The BoJ has raised rates three times in less than 12 months since it restarted in March last year.
UBS believes that the Federal Reserve is still likely to cut interest rates by another 50 basis points this year. The US non-farm job growth in December last week was much higher than expected, and the market generally expects that the Federal Reserve will not cut interest rates again before June this year, and the number of rate cuts of 25 basis points for the whole year may be less than two. The team of UBS strategists led by Mark Haefele agreed that the latest employment data may make Fed off...
Barclays: The Fed is expected to cut interest rates by 25 basis points in June 2025, compared with previous predictions that the Fed will cut rates twice in March and June.
Japan's 10-year bond yield rose two basis points to 1.19 percent, its highest level since May 2011.
The yield on the 30-year U.S. Treasury bond rose as much as 5 basis points on Monday to around 4.86%, the highest level since November 2023, as investors began to taste the turbulence that Trump's rise to power could cause to financial marekts in the coming months. Bond market expansion pressure has had a certain impact on the market, and the Treasury Department's first issue of Treasury bonds this week has softened subscription demand. Fears that Trump's policies will push Qualcomm...
Traders: Argentina country risk fell 27 basis points to 608 basis points, the lowest level in six years.
The yield of the 10-year benchmark US Treasury bond rose by 3.63 basis points to 4.5690%. In 2024, it rose by 68.99 basis points, and the overall range was 3.5952% -4.7351%. The yield of the two-year US Treasury bond was flat at 4.2416%. In 2024, it fell by about 8 basis points, and the overall trading was in the range of 5.0352% -3.5%.
Traders said Argentina's country risk index fell to 628 basis points, its lowest level since November 2018.
According to CME Federal Reserve observation data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 8.6%, and the probability of remaining unchanged is 91.4%.
The Bank of Canada meeting notes that the decision to cut interest rates by 50 basis points was a difficult choice to make.
The Bank of Canada meeting notes: This group of members said a 50 basis point cut seems unlikely to bring interest rates below required levels in the next few meetings.
The Bank of Canada meeting notes: The decision to cut interest rates by 50 basis points reflects the lower than expected growth outlook and the fact that monetary policy no longer needs to be significantly restrictive.
UK 2-year bond yields rose about 10 basis points to 4.560 per cent, their highest level since May, while 10-year yields rose about 10 basis points to 4.656 per cent, their highest level since October 2023.
The Brazilian central bank raised the Selic rate by 100 basis points from 11.25% to 12.25%.