The yield on German 10-year government bonds rose nearly 6 basis points to 3.104%.

NETANYAHU INSTRUCTS INITATION OF DEFAMATION LAWSUIT AGAINST NYT

US Dollar: 1. US Treasury Secretary Bessant: There may be one to two months of "hot" inflation data in the future. After that, inflation should fall back. 2. Fed – Schmid: Inflation remains the biggest risk, but the US economy has shown resilience; Milan will resign from his board position around the time of Warsh's swearing-in; Williams: There is no significant second-round effect of inflation yet. The impact of tariffs seems to have been largely transmitted to the economy. There is currently no reason to raise or lower interest rates. Barr: The goal of balance sheet reduction is wrong, or it may allow the Fed to interfere more in the market. 3. US retail sales rose 0.5% month-on-month in April, the lowest since January, in line with market expectations. Pound Sterling: 1. Bank of England Chief Economist Peel: Moderate but mild interest rate hikes are beneficial. 2. The UK economy unexpectedly grew by 0.3% in March, with strong growth momentum, but threatened by the war with Iran and political turmoil. Japanese Yen: 1. A Reuters poll shows that 65% of economists surveyed expect the Bank of Japan to raise its key interest rate to 1.00% in June. 2. Bank of Japan: Japan may see another round of across-the-board price increases around summer, from food to hot spring facilities. Other: 1. India considers lowering the tax burden on foreign investors' bond investments. 2. Reuters survey: Indonesian rupiah and Indian rupee are more bearish, while short positions in most other Asian currencies have decreased. 3. Goldman Sachs expects South Africa to raise interest rates twice this year, a stark contrast to its previous expectation of consecutive rate cuts. 4. Central Bank of Turkey: Mid-term inflation target of 24% by the end of 2026, up from 16% in the previous report. Mid-term inflation target of 15% by the end of 2027, up from 9% in the previous report. 5. Central Bank of Peru kept its benchmark interest rate unchanged at 4.25%. 6. People's Bank of China: Broad money (M2) balance of RMB 353.04 trillion at the end of April, up 8.6% year-on-year. 7. Central Bank of Malaysia: Indicators show that overall price conditions remained relatively under control as of early May. Overall inflation is expected to rise slightly in 2026. Despite ongoing conflicts in the Middle East, the ringgit has remained resilient. 8. Data from the Bank of Korea shows that in April, net foreign outflows from South Korean stocks amounted to $2.68 billion, compared to a net outflow of $29.78 billion in March.