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Australian shares climbed, led by National Australia Bank’s record surge, while New Zealand equities saw a significant boost after the central bank maintained its interest rates. The ASX 200 reclaimed the 9,000 mark, buoyed by strong bank earnings, though caution lingers regarding future rate hikes. New Zealand’s market experienced its best day in over nine months.Read More

Japanese government bond yields saw a slight increase as investor sentiment on the nation’s fiscal health and the Bank of Japan’s future rate hikes remained divided. While super-long bond yields had previously surged due to spending concerns, they have since retreated. Recent weak outcomes in bond-buying operations also impacted sentiment in shorter-term maturities.Read More

European Central Bank President Christine Lagarde may step down early, potentially before the 2027 French presidential election, to allow President Macron to influence her successor. This move aims to avoid complications if the far-right wins. While Lagarde’s term officially ends in October 2027, her early departure is being considered, with French and German backing crucial for any candidate.Read More

Kevin Warsh, a nominee for Federal Reserve leadership, favors shrinking the central bank’s balance sheet. However, achieving this goal faces significant hurdles, as current financial system rules necessitate substantial bank reserves. Reducing the Fed’s footprint too aggressively risks market volatility and loss of control over interest rates.Read More

India’s bond market is defying monetary policy easing, with benchmark yields staying elevated despite a 125bps repo rate cut. Structural liquidity tightness, weak deposit growth, and limited demand for G-Secs are driving this disconnect. The RBI’s proactive liquidity measures aim to ease funding stress as banks face margin pressures.Read More