News
10‑year Treasury trades see $30.5 billion in delivery fails, Fed says
2+ hour, 2+ min ago (463+ words) $30.5 billion in 10-year Treasury trades failed to settle in the week ending December 10, the highest level since 2017. The failures followed a $42 billion November auction where borrowing costs for the new note fell into negative territory. The Federal Reserve's reduced participation…...
China set the yuan fix at ¥7.0358 per dollar, 301 pips weaker than market estimates
22+ hour, 39+ min ago (389+ words) On Friday, the People's Bank of China announced that it has set the yuan's daily fix at "7.0358 per dollar, which is 301 pips weaker than what traders and analysts had guessed in a Bloomberg survey. To make matters worse, that difference…...
Takaichi's cabinet approves ¥112 trillion fiscal package
22+ hour, 55+ min ago (502+ words) Japan's equity market is heading into 2026 with investors betting on another round of strong gains, thanks to Prime Minister Takaichi Sanae's aggressive government spending and strict approach to AI industry oversight. The Topix index is finishing 2025 with a 23% rally, despite…...
Large-cap U.S. companies posted strong profit growth and kept hiring, while small firms cut jobs
1+ day, 5+ hour ago (646+ words) The gap between big and small companies in the U.S. economy has become impossible to ignore. While the biggest players like Amazon and Nvidia are raking in billions and hitting new stock highs, small companies are cutting staff, reducing hours, and…...
Yuan breaks ¥7 per dollar level for the first time since September 2024
1+ day, 11+ hour ago (595+ words) The yuan broke below "7 per dollar for the first time since September 2024, gaining 3.8% this year. The People's Bank of China boosted its daily fix to the strongest level since September, supporting currency appreciation. Real estate giant Vanke faces renewed bond…...
Japan set to present ¥122.3 trillion FY26 budget, spending up 6.3%
1+ day, 12+ hour ago (742+ words) Japan's FY26 budget will hit "122.3 trillion, rising 6.3% from the previous year. The government plans to issue "29.6 trillion in new bonds while cutting debt reliance slightly. Social security and defense spending are driving the increase, along with persistent inflation. Japan will be…...
U.S. consumer confidence is at its lowest level since April
2+ day, 10+ hour ago (396+ words) U.S. jobless claims fell to 214,000 in the week ending Dec. 20, dropping by 10,000 from the prior period and coming in below market expectations, according to a report from the Bureau of Labor Statistics on Wednesday. The data showed fewer Americans filing for…...
Ruble surges 45% against dollar, defying war and oil slump
2+ day, 10+ hour ago (622+ words) Russia's ruble is the strongest major currency in the world this year, surging about 45% against the U.S. dollar and trading near 78 per dollar in 2025. According to data from Bloomberg, the ruble is trading close to levels last seen before Russia launched…...
Gold makes 3rd daily all-time high in a row as Bitcoin crashes below $87,000
2+ day, 15+ hour ago (139+ words) Gold just hit yet another record high of $4,525.77, and it's still holding strong near $4,491 in London. Bitcoin crashed below $87,000, as profit-taking kills every rebound and leverage unwinds continue. Silver and platinum are going nuts too, up 0.5% and 3.1%, with platinum smashing…...
South Korean consumer confidence holds above neutral for eighth month
2+ day, 21+ hour ago (570+ words) South Korean consumer sentiment held well above the neutral level in December for eight consecutive months, supporting household confidence." The latest signs indicate that consumer sentiment remains broadly positive regarding the economic outlook, even as prices continue to rise and…...