S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The yield on the 10-year US Treasury note rose past 4.7% on Monday, not far from the 19-month high of 4.75% tested last week as lingering concerns of inflation and increasing credit supply extended the aversion to bonds in the long end of the curve. Oil prices rose further as President Trump signaled there was no rush to end the blockade against Iran energy, preventing the flow of tankers from the Persian Gulf. Higher energy prices lifted underlying inflation this year, although a softer CPI cooled immediate worries. Still, concerns that the Federal Reserve may be complacent against inflation were reflected by the surge in long-dated yields. These were initially flagged by Fed Chair Warsh stating a rate hike may not be the preferred tool to combat higher prices. Lastly, debt issuance in the US soared as AI companies raised $1.5 trillion in bonds this year, lifting the supply of dollar-denominated fixed-income that could limit the relative appetite for Treasury securities.
