Dollar Index slides to three-week low near 101.45 as yields ease
The US Dollar Index fell to a fresh three-week low around 101.45 as 10-year Treasury yields dropped 0.7% to near 5.07%, pressured by weaker housing data.
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French 10-year bond yield tops 5% for first time since 2002
France's 10-year OAT yield has pushed above 5%, a level unseen since 2002, as political deadlock and street unrest deepen doubts over Paris's ability to control its budget.
French 10-year bond yield tops 5% for first time since 2002
France's 10-year OAT yield has broken above 5%, a level last seen in 2002, as debt worries and street unrest shake confidence in the government's finances. The move widened the gap with German Bunds and pulled US Treasury yields lower on safe-haven buying.
French yield surge revives old fears over bank-sovereign debt links
A sharp rise in euro zone government borrowing costs, driven mainly by France, has rekindled investor worries about how closely lenders are tied to their home governments' finances. European bank shares have slid about 10% in six weeks.
Euro slips below 1.1250 as French unrest and fiscal risk weigh
EUR/USD fell to around 1.1225 in early Wednesday trading as protests and fiscal strain in France kept investors cautious on the euro ahead of speeches from several European Central Bank officials.
German PPI jumps 6.7% y/y in September, fastest since March 2023
Germany's producer price index rose 6.7% year-on-year in September, above the 6.2% forecast and up from 4.6% in August, as energy costs pushed wholesale inflation to its highest level since March 2023.
German ZEW sentiment falls to 28.1 in October, below forecasts
German investor confidence weakened more than expected in October, with the ZEW Economic Sentiment index dropping to 28.1 from 34.7, missing the 32.0 forecast. The euro briefly weakened against the US dollar before recovering.
Record bidding at Japan’s 20-year bond sale boosts the yen
A 20-year Japanese government bond sale drew its strongest demand in a month, helping the yen climb 0.2% to 158.15 per dollar, while the euro also edged up as unrest in France and Italy unsettled markets there.