Capital Economics' APAC markets head Thomas Mathews said in a note the recent US Treasury rally that pushed yields lower is likely to lose momentum and German bunds may rally further. He said Treasureries face key tests this week: one rationale for F

2026-06-29

Capital Economics' APAC markets head Thomas Mathews said in a note the recent US Treasury rally that pushed yields lower is likely to lose momentum and German bunds may rally further. He said Treasureries face key tests this week: one rationale for Fed rate cuts is protecting the labor market, but labor-market momentum has strengthened and he expects the US June jobs report due later this week to be strong again; it's increasingly clear labor conditions will not be a reason to delay tightening, which he flagged as perhaps the biggest near-term risk to Treasures, though not the only one.

Other News
2026-06-29

1. Mysteel's survey of 247 steel mills showed that the blast furnace operating rate was 84.41%, up 0.16 percentage points from last week and 0.59 percentage points from last year; the blast furnace ironmaking capacity utilization rate was 91.08%, up

2026-06-29

Hong Kong-listed semiconductor stocks rallied in the afternoon, with GigaDevice (03986.HK) surging over 14%, Hua Hong Grace (01347.HK) rising over 8%, SMIC (00981.HK) climbing over 5%, and Shanghai Fudan (01385.HK) and Montage Technology (06809.HK) f