US Dollar:
1. The yield on the 10-year US Treasury note broke through 5.02%, reaching its highest level since 2007.
2. The New York Fed: The trading desk plans to conduct approximately $15.6 billion in reinvestment purchases between September 15 and October 14, without conducting reserve management purchases.
3. A Reuters poll: 37 out of 70 economists expect the Fed to raise interest rates at least twice by the end of March 2027 (compared to 21 out of 82 economists in the September 9 poll).
4. A Reuters poll: 86 out of 101 economists expect the Fed to raise the federal funds rate to 3.75%-4.00% on September 16 (compared to 65 out of 93 economists in the September 9 poll who expected rates to remain unchanged in September).
Euro:
1. ECB staff demanded clarification on whether Lagarde would step down early.
2. The market has now fully priced in four 25-basis-point rate hikes by the ECB by the end of 2027. 3. ECB Governing Council member Stournaras: The ECB's timely measures can reduce the risk of painful future sharp interest rate hikes.
4. ECB Governing Council member Kazmir: Inflation risks are clearly skewed to the upside. We remain open to the next decision, but will make a decisive decision when there is evidence that action is necessary.
Pound Sterling:
1. The market has now fully priced in five 25 basis point rate hikes by the Bank of England by the end of 2027.
2. The Bank of England will reform its treasury bond sales program to address bond market turmoil, under which it will stop selling 20-year and 30-year treasury bonds.
3. Citi expects the Bank of England to raise interest rates by 25 basis points each in the fourth quarter of 2026 and the first quarter of 2027, down from its previous forecast of keeping rates unchanged until the second quarter of 2027.
Other:
1. The Reserve Bank of India withdrew 1 trillion rupees in liquidity, causing bonds to fall.
2. Traders say the Reserve Bank of India sold dollars in the foreign exchange market to support the rupee.
3. The New Taiwan dollar depreciated to 31.836 against the US dollar, its lowest level since August 26.
4. The Indian rupee fell 0.2% against the US dollar to 95.75, a near one-month low.
5. South Korea's finance minister nominee stated that he will closely monitor the bond market and will take market stabilization measures if necessary.
6. The yield on 5-year Japanese government bonds rose to a record high of 2.315%. The yield on 30-year Japanese government bonds rose 5.5 basis points to 4.12%.
