JAPAN’S 10-YEAR GOVERNMENT BOND YIELD BREAKS ABOVE 3% FOR THE FIRST TIME SINCE 1996
- The yield on Japan’s 10-year government bond has risen above 3%.
- This is the first time it has reached that level since 1996.
- Key drivers: the BOJ is reducing bond purchases, while expectations for further rate hikes are increasing.
🇯🇵 Japan’s era of ultra-low interest rates is coming to an end — 3% is no longer a “forbidden zone.”
@BackcomGlobal
- The yield on Japan’s 10-year government bond has risen above 3%.
- This is the first time it has reached that level since 1996.
- Key drivers: the BOJ is reducing bond purchases, while expectations for further rate hikes are increasing.
🇯🇵 Japan’s era of ultra-low interest rates is coming to an end — 3% is no longer a “forbidden zone.”
@BackcomGlobal
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🖤 China’s CPI inflation rose to 0.8% year-on-year in August.🖤 The reading matched expectations and was higher than July’s 0.5%.🖤 August PPI also increased 3.8%, reflecting price pressures from energy and commodities.🖤 Food prices continued to decline, while non-food prices rose more strongly.
🇨🇳 China’s inflation is gradually picking up from very low levels, but it is still far from being as “hot” as in the U.S.
@BackcomGlobal
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🟣 PPI Y/Y: forecast 5.3% (previous = 4.7%)🖤 Core PPI Y/Y: forecast 4.6% (previous = 4.2%)
🇺🇸 The hotter the PPI, the harder it will be for the Fed to “pause” — markets are likely to react immediately after the data.
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The hotter oil gets, the stronger the risk-off mood becomes — BTC is finding it hard to stay unaffected as geopolitical tensions flare up again.
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BESSENT: “NOW I’M THE HOUSE”
🏙 U.S. Treasury Secretary Scott Bessent declared: “Now I’m the house… and you can bet against me if you want.”
Bad news has piled up for two straight weeks, but BTC is still holding on — at least it hasn’t “collapsed” alongside stocks yet.
@BackcomGlobal
🖤 The remark was aimed at the possibility of U.S. Treasury intervention to support the Yen.🖤 The U.S. will increase the size of its bond buybacks to $6 billion tomorrow.🖤 Future buyback operations will be at least $4 billion each.🖤 Even so, the U.S. 10-year Treasury yield has climbed to its highest level since 2023.
Bad news has piled up for two straight weeks, but BTC is still holding on — at least it hasn’t “collapsed” alongside stocks yet.
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TRUMP: IRAN WAR COULD END AFTER THE MIDTERM ELECTIONS
🏙 President Trump said the war with Iran could end shortly after the midterm elections.
🖤 He left the door open to negotiations, but said they are not a priority.
🖤 According to Trump, Iran is trying to influence the U.S. election and cannot withstand economic pressure for much longer.
🖤 Trump also said oil prices could cool once the conflict ends.
✊ This is not a ceasefire order yet, but it is the clearest signal from the White House that November 3 is becoming a key deadline for the war.
@BackcomGlobal
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🇨🇳 Beijing is still quietly accumulating gold — adding another layer of protection each month against USD volatility and geopolitical risks.
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⭐ The Fed’s interest rate decision will be announced at 18:00 UTC on Sep 16.
Inflation is still refusing to cool — and the Fed is moving increasingly closer to another rate hike.
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💰 Gold futures touched the $4,400 area before cooling as expectations for another Fed rate hike remained high.💰 BTC nearly reached $79K, then reversed back to around $77.8K.
🇺🇸 U.S. stocks still closed in the green:
Dow +0.98%
S&P 500 +0.86%
Nasdaq +0.96%
The market bounced strongly, but pressure from the Fed has not gone away.
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TRUMP PROMISES $5,000 TO EVERY AMERICAN IF GOP WINS THE MIDTERMS
🇺🇸 Trump said that if Republicans retain control of both the House and Senate, every adult U.S. citizen would receive a $5,000 “Trump Dividend.”
💲 Estimated total cost: ~$1.35 trillion.
👉 Key conditions mentioned:
🖤 The money must be spent in the U.S.
🖤 JD Vance suggested wealthy Americans could be excluded
🖤 Tariff revenue has been mentioned as a potential funding source
🚨 However, the plan still lacks a clear funding mechanism and could require Congressional approval.
If implemented, it would be one of the largest direct cash-payment programs in U.S. history.👨💼
@BackcomGlobal
🇺🇸 Trump said that if Republicans retain control of both the House and Senate, every adult U.S. citizen would receive a $5,000 “Trump Dividend.”
👉 Key conditions mentioned:
If implemented, it would be one of the largest direct cash-payment programs in U.S. history.
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🇺🇸 U.S. Treasury Secretary Scott Bessent urged the Senate to resume negotiations and advance the CLARITY Act immediately after the August recess.
The U.S. increasingly views crypto regulation as both a technology race and a national security issue.
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👉 Markets calmed somewhat as headline CPI matched expectations, but:
Yields have eased, but interest-rate pressure has not disappeared.
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