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Oil climbs as traders weigh supply outlook, Russia sanctions
  • May 27, 2025

Oil climbs as traders weigh supply outlook, Russia sanctions

(Bloomberg) -- Oil rose as the market juggled the outlook for more OPEC+ supply and the prospect for additional US sanctions on Russia.Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightBrent traded above $64 after closing 1% lower on Tuesday, while West Texas Intermediate was near $61. An OPEC+ committee, which monitors developments in the market, meets later Wednesday before a group led by Saudi Arabia convenes on Saturday to decide on output policy for July.Mem

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Demand at 40-year JGB auction sinks to lowest since July
  • May 27, 2025

Demand at 40-year JGB auction sinks to lowest since July

TOKYO (Reuters) -Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. The 40-year JGB yield spiked to a record 3.675% last week as worries about the debt load in Japan and other developed markets like the United States led to a sell-off in the longest-dated bonds.

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Morning Bid: Nvidia earnings take the spotlight
  • May 27, 2025

Morning Bid: Nvidia earnings take the spotlight

Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. As it is, traders in the options markets are bracing for industry-wide volatility after the results, with defensive options contracts on a major semiconductor ETF drawing heavy attention. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November, underscoring the market's diminishing capacity to absorb new debt.

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Shares dither, US dollar climbs on rosy economic data
  • May 27, 2025

Shares dither, US dollar climbs on rosy economic data

TOKYO (Reuters) -Shares eased on Wednesday as investors turned cautious ahead of Nvidia's earnings on Wall Street later in the day, while the dollar held gains on promising economic signs in the United States. Market optimism over what appeared to be easing trade frictions between the U.S. and Europe faded. Global bond markets settled down after a scary surge in long-term yields, though a lacklustre auction for Japan's longest-dated bonds underscored lingering fiscal deficit concerns.

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Super-long JGB yields extend climb from multi-week lows after weak auction
  • May 27, 2025

Super-long JGB yields extend climb from multi-week lows after weak auction

TOKYO (Reuters) -Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July. The 40-year JGB yield jumped 9 basis points (bps) to 3.375%, as of 0514 GMT, rebounding sharply from 3.285% on Tuesday, its lowest point since May 7. The 30-year JGB yield advanced 10 bps to 2.93%, from 2.83% on Tuesday, which was the lowest level since May 2.

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Yen shrugs off tepid bond demand, dollar firms on trade deal hopes
  • May 27, 2025

Yen shrugs off tepid bond demand, dollar firms on trade deal hopes

SINGAPORE (Reuters) -The Japanese yen was steady on Wednesday as ructions in the bond market kept the spotlight on the fiscal health of major economies, while the U.S. dollar was firm due to upbeat economic data and signs of easing trade tensions. The yen cut its losses to trade flat at 144.445 per dollar after dropping 1% on Tuesday in the wake of reports that Japan will consider trimming issuance of super-long bonds after a sharp rise in yields in recent weeks. The 40-year JGB yield spiked to a record high last week as worries about the debt load in Japan and other developed markets like the United States led to a selloff in the longest-dated bonds across the globe.

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