US Yield Curve Narrows to 32 Basis PointsThe gap between US 10-year and 2-year Treasury yields has narrowed again, with the 2Y-10Y spread falling to around 32 basis points.
Markets Face Oil and Positioning Risks
SNB Keeps Rates at ZeroThe Swiss National Bank kept its policy rate unchanged at 0%, maintaining the lowest benchmark rate in the world as inflation remains comfortably within its price stability range.
Treasury Yields Surge as Bond Selling DeepensUS Treasury markets faced renewed selling pressure as investors adjusted to expectations of tighter Federal Reserve policy and growing government debt supply. Yields climbed across the curve, pushing borrowing costs higher and increasing volatility across financial markets.
US Weighs Diesel Export RestrictionsRecord diesel prices are increasing pressure on US farmers, trucking companies and other fuel-intensive industries, prompting debate over whether restricting exports could help ease domestic costs.
German Private Sector Growth AcceleratesGermany's private sector recorded its strongest expansion in almost a year in September, supported by a recovery in services and stronger demand.
BoE Holds Rates at 3.75%The Bank of England kept its policy rate unchanged at 3.75% at its September meeting as policymakers continued to assess growing inflation risks from higher energy prices.
Fed Raises Rates, Signals Tighter PathThe Federal Reserve raised interest rates by 25 basis points, lifting the federal funds target range to 3.75%-4.00%. The unanimous decision marked the Fed’s first rate increase in three years.
