USD/JPY retreats lower as bond yields erase early advance 0 (0)

Bond yields got off to a hot start earlier in the day but have pulled back considerably in the last hour or so. 10-year Treasury yields are now flat around 1.77% after hitting a two-year high just above 1.80% earlier.

In turn, that has seen USD/JPY also pull back on the session from 115.6

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Moody’s downgrades Shimao from Ba3 to B2, rating remains on review for further downgrade 0 (0)

On the downgrade, Moody’s says that:“The rating action reflects our expectation that Shimao’s liquidity risks will be elevated, driven by its weakening access to funding and large near-term debt maturities.The review for downgrade reflects the uncertainty over the company’s ability to generate new f

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Fed’s Barkin: I’m very supportive of what we did in December 5 (1)

We need to move toward normalisation“Certainly conceivable“ that Fed can raise rates in MarchExpects inflation pressures to ease later in the yearBut supply chain issues may persist into 2023, adding uncertainty to the outlookJob market is „as tight as it could be“ at this pointFull interview (may b

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Eurozone November unemployment rate 7.2% vs 7.3% prior 0 (0)

Prior 7.3%

Another tick lower in the jobless rate as we start to get back to pre-pandemic levels. I would still argue that with the changes to the landscape in the jobs market and government assistance, it is still tough to accurately gauge underlying labour market conditions. That said, the

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