Friday, 29 May 2026

Overnight Headlines 29th May 2026

Multi-Asset Morning Pack – Friday 29 May 2026

06:00 UK / GMT

Asian Markets

Asia traded mostly firmer overnight, led by strong gains in Japan and Korea, while mainland China lagged.

  • Nikkei 225: +2.61%
  • KOSPI: +3.30%
  • ASX 200: +1.46%
  • Hang Seng: +1.10%
  • STI: +0.92%
  • NZX 50: +0.68%
  • Shanghai: -0.37%
  • Shenzhen: -1.00%

Overnight Headlines

  1. Blue Origin rocket explodes during launchpad test
  2. US and Iran agree to 60-day truce renewal pending Trump signoff
  3. SpaceX lowers IPO valuation target to at least $1.8tn
  4. Americans fall behind on $1.25tn credit-card bill
  5. Washington nears deal to extend Iran ceasefire
  6. Investors race to get exposure to SpaceX ahead of IPO
  7. Several BP shareholders found ousted chair “challenging”
  8. Wealthiest investors pull money out of the US in de-dollarisation trade

US Futures

  • Dow futures: +0.09%
  • S&P futures: +0.05%
  • Nasdaq futures: -0.02%
  • Russell 2000 futures: -0.15%

US Cash Close

  • Dow Jones: 50,668.97 +0.05%
  • S&P 500: 7,563.63 +0.58%
  • Nasdaq Composite: 26,917.47 +0.91%
  • Russell 2000: 2,936.57 +0.57%
  • VIX: 15.74 -3.38%

Bonds

US yields were lower across the curve. Moves below are shown correctly in basis points.

  • US 2Y: 4.020% -0.5bp
  • US 3Y: 4.066% -0.6bp
  • US 5Y: 4.148% -1.2bp
  • US 7Y: 4.285% -1.1bp
  • US 10Y: 4.439% -1.6bp
  • US 20Y: 4.965% -1.9bp
  • US 30Y: 4.967% -1.8bp

US 7Y auction: High yield 4.290%; bid-cover 2.52; direct 11.2%; indirect 78.4%; WI 4.291%.

Commodities

  • WTI crude: 87.68 -1.37%
  • Brent crude: 92.59 -1.20%
  • Natural gas: 3.301 +0.49%
  • RBOB gasoline: 3.1879 +0.08%
  • Heating oil: 3.61 -0.24%

Currencies

  • USD/JPY: 159.32 +0.06%
  • EUR/USD: 1.1638 -0.11%
  • GBP/USD: 1.3436 -0.05%
  • EUR/GBP: 0.8659 -0.06%
  • USD/CNY: 6.7702 -0.14%
  • USD/KRW: 1,504.30 +0.56%

Economic Data

  • Japan consumer confidence: 33.6 vs 32.4 expected; prior 32.2.
  • Japan housing starts: +11.4% y/y vs +14.8% expected.
  • Japan industrial production: +0.8% m/m vs -0.6% expected.
  • Japan retail sales: +1.3% m/m vs +0.4% expected.
  • Japan jobless rate: 2.5% vs 2.7% expected.
  • Tokyo CPI: 1.4% y/y vs 1.6% expected.

Today’s Calendar – GMT

  • 07:55 – German unemployment change / unemployment rate
  • 08:20 – BoE Governor Bailey speaks
  • 12:00 – German CPI
  • 12:30 – US goods trade balance
  • 13:10 – Fed’s Bowman speaks
  • 13:45 – Chicago PMI
  • 16:40 – Fed’s Daly speaks
  • 17:00 – Baker Hughes oil and total rig count

Bottom line: Risk tone is broadly constructive, with Asia mostly higher and US cash closing in the green. Oil is softer on Iran truce optimism, while Treasury yields are lower across the curve. The macro focus today is German CPI, Chicago PMI and Fed speakers.

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Thursday, 28 May 2026

Overnight Headlines 28th May 2026

Multi-Asset Morning Pack – 28 May 2026

Market tone: Risk-off across Asia as Iran/Hormuz escalation drives oil sharply higher, lifts Treasury yields and supports the dollar. US equity futures are weaker, with Nasdaq underperforming.

Overnight narrative: Asia followed Wall Street’s modest gains with a sharp geopolitical reversal. Oil surged after reports of US strikes near Hormuz and Iranian retaliation claims, while equities sold off across Japan, Korea, Hong Kong and Australia. The dollar firmed, sterling and euro softened, and US yields rose across the curve.

Asia-Pacific

IndexPriceMove
Nikkei 22563,955.34-1.61%
Shanghai Composite4,066.80-0.66%
Shenzhen Component15,584.78-0.96%
Hang Seng24,740.77-2.32%
ASX 2008,577.10-1.61%
KOSPI7,939.36-3.52%
Straits Times4,991.11-0.75%
NZX 5013,206.11-0.16%

Overnight Headlines

  1. US strikes Iranian military targets near Hormuz with no accord in sight
  2. Oil rises on Iran strikes; stocks drop with bonds
  3. EU to broaden import quotas and tariffs against China
  4. Amazon strikes $6bn deal with Snowflake for agentic computing chips
  5. Fed’s Cook prepared to lift rates if inflation lingers
  6. Bank of Korea leaves policy rate unchanged at 2.50%, as expected
  7. JPMorgan and BofA CEOs predict new round of trading windfalls
  8. Brexit reset deadlocked as UK/EU talks stall on under-30s visas and food deal

US Futures

ContractLastDay ChangeImplied Open
Dow Futures50,640.0-0.17%-62.28 / -0.12%
S&P Futures7,514.0-0.34%-20.36 / -0.27%
Nasdaq Futures29,812.75-0.78%-225.82 / -0.75%
Russell 2000 Futures2,904.1-0.70%-23.84 / -0.81%

US Cash Close

IndexCloseMove
Dow Jones50,644.28+0.36%
Nasdaq Composite26,674.74+0.07%
S&P 5007,520.36+0.02%
Russell 20002,919.94-0.02%
VIX16.29-4.23%

US Treasuries

MaturityYieldMove
6M3.783%+2.6 bps
1Y3.831%+3.4 bps
2Y4.074%+4.1 bps
3Y4.128%+4.6 bps
5Y4.228%+4.7 bps
7Y4.365%+4.9 bps
10Y4.528%+4.7 bps
20Y5.055%+4.3 bps
30Y5.049%+3.8 bps

5-year auction: high yield 4.182%, bid-cover 2.34 vs 2.33 prior, indirects 74.9% vs 72.3% prior.

Commodities

CommodityPriceMove
WTI Crude$91.99+3.73%
Brent Crude$97.67+3.58%
Natural Gas3.076-0.61%
RBOB Gasoline3.202+2.18%
Heating Oil3.6852+2.44%
Gold$4,376.13-1.78%

FX

PairPriceMove
USD/JPY159.55+0.03%
EUR/USD1.1591-0.28%
GBP/USD1.3378-0.36%
AUD/USD0.7108-0.41%
NZD/USD0.5871-0.51%
USD/KRW1,506.50+0.33%
USD/CNY6.7850+0.09%
USD/CHF0.7892+0.31%

Today’s Calendar

Time GMTEventForecastPrevious
07:10ECB President Lagarde speaks
07:15ECB’s Lane speaks
11:30ECB account of monetary policy meeting
12:10US Building Permits Apr1.442m1.363m
12:30US Continuing Jobless Claims1,780k1,782k
12:30US Core Durable Goods Orders Apr0.5%0.9%
12:30US Core PCE MoM Apr0.3%0.3%
12:30US Core PCE YoY Apr3.3%3.2%
12:30US GDP QoQ Q1 prelim2.0%0.5%
12:30US Initial Jobless Claims211k209k
12:55FOMC member Williams speaks
14:00US New Home Sales Apr661k682k
15:30Atlanta Fed GDPNow Q24.3%4.3%
15:45ECB’s Schnabel speaks
16:00US Crude Oil Inventories-3.800m-7.863m
17:00US 7-Year Note Auction4.175%
20:30Fed Balance Sheet$6.714tn
Desk take: The session is being driven less by macro data and more by geopolitical risk premia. Oil is the immediate transmission channel, with equities weaker, yields higher and the dollar bid. The key risk into Europe/US is whether Hormuz headlines fade or broaden into a sustained energy shock.
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Wednesday, 27 May 2026

Overnight Headlines 27thMay 2026

Multi-Asset Morning Pack – 27 May 2026

06:00 UK

Asian Markets

Asian markets were mixed overnight. Japan and Korea extended gains on the global chip rally, while China and Hong Kong traded softer despite stronger Chinese industrial profit data.

IndexLastMove
Nikkei 22565,323.37+0.50%
Shanghai Composite4,099.23-1.11%
Shenzhen Component15,809.80-0.42%
Hang Seng25,382.16-0.85%
ASX 2008,674.10+0.19%
Kospi8,382.09+4.16%
NZX 5013,202.63+1.02%

Overnight Headlines

  1. SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq
  2. S&P 500 and Nasdaq hit record highs as AI optimism drives Wall Street
  3. Micron joins $1 trillion club as AI memory-chip boom accelerates
  4. Trump says there is no rush for Iran deal as Hormuz talks continue
  5. UK consumers under pressure as rising energy costs squeeze household budgets
  6. Hong Kong overtakes Switzerland as hub for global offshore wealth
  7. Asia stocks: Japan and South Korea hit records on Wall Street tech rally
  8. China industrial profits rise 24.7% year-on-year in April

US Close

IndexLastMove
Dow Jones50,461.68-0.23%
Nasdaq Composite26,656.18+1.19%
S&P 5007,519.12+0.61%
Russell 20002,920.54+1.79%
VIX17.01+2.53%

US Futures

ContractLastMove
Dow Futures50,583.0+0.07%
S&P Futures7,538.5+0.02%
Nasdaq Futures30,088.5+0.05%
Russell 2000 Futures2,931.7+0.23%

Bonds

TreasuryYieldMove
US 2Y4.027%-2.3bps
US 3Y4.071%-2.4bps
US 5Y4.160%-1.9bps
US 7Y4.304%-2.1bps
US 10Y4.473%-1.8bps
US 20Y5.007%-1.8bps
US 30Y5.009%-1.6bps

Commodities

CommodityLastMove
WTI Crude91.92-2.10%
Brent Crude97.93-1.66%
Natural Gas2.882-0.41%
RBOB Gasoline3.1713-1.53%

FX

PairLastMove
EUR/USD1.1640+0.10%
GBP/USD1.3453+0.06%
USD/JPY159.21-0.05%
AUD/USD0.7162-0.07%
NZD/USD0.5874+0.65%
EUR/GBP0.8650+0.03%

Economic Calendar

Time UKRegionEventPrevious
09:00EURECB Financial Stability Review-
11:00FranceFrance Jobseekers Total (Apr)3,109.1k
13:15USDADP Employment Change Weekly42.25k
13:30CADWholesale Sales MoM (Apr)1.9%
18:00USD5-Year Note Auction3.955%
18:00EURECB Press Conference-
21:30USDAPI Weekly Crude Oil Stock-9.100m

Market Themes

  • AI and semiconductor leadership remains the dominant equity driver.
  • Oil is lower but still highly sensitive to Hormuz and Iran headlines.
  • Treasury yields are slightly lower across the curve.
  • China data improved, but Chinese equities remain under pressure.
  • US futures point to a modestly firmer open.
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Tuesday, 26 May 2026

Overnight Headlines 26 May 2026

Multi-Asset Morning Pack – 26 May 2026

06:00 UK

Market Tone

Risk sentiment is firmer this morning, with US futures pointing sharply higher despite renewed geopolitical tension around the Strait of Hormuz. Treasuries are rallying, oil is volatile, and liquidity should be treated carefully after yesterday’s holiday conditions across several major markets.

US Futures

ContractLevelChange
Dow Fut50,976.0+314.00 / +0.62%
S&P Fut7,539.75+48.75 / +0.65%
Nasdaq Fut29,810.0+251.25 / +0.85%
Russell 2K Fut2,907.1+35.00 / +1.22%

Overnight Headlines

  1. US military strikes Iranian boats and missile launch sites, CENTCOM says.
  2. US says it carried out self-defence strikes in southern Iran.
  3. Strait of Hormuz tensions remain in focus after reported mine-laying activity.
  4. ECB Financial Stability Review remains a key European macro focus this week.
  5. US Consumer Confidence due later today.
  6. US 2-Year Treasury auction due at 17:00 UK.

US Close

IndexCloseChange
DJIA50,579.70+294.04 / +0.58%
S&P 5007,473.47+27.75 / +0.37%
Nasdaq Composite26,343.97+50.87 / +0.19%
Russell 20002,869.23+25.77 / +0.91%
VIX16.59-0.11 / -0.66%

Bonds

Note: Treasury moves are shown in basis points.

TreasuryYieldMove
US 6-Mo3.752%-1.1bps
US 1-Yr3.819%-3.7bps
US 2-Yr4.057%-7.0bps
US 3-Yr4.105%-7.3bps
US 5-Yr4.193%-7.2bps
US 7-Yr4.341%-7.1bps
US 10-Yr4.508%-6.4bps
US 20-Yr5.035%-5.8bps
US 30-Yr5.032%-5.0bps

Commodities

CommodityPriceChange
WTI Crude$91.80-4.80 / -4.97%
Brent Crude$98.20+2.06 / +2.14%
Natural Gas2.936+0.029 / +1.00%
Gold4,527.64+18.70 / +0.41%

FX

PairPriceChange
EUR/USD1.1631-0.0012 / -0.10%
GBP/USD1.3480-0.0021 / -0.16%
USD/JPY158.94+0.05 / +0.03%
EUR/GBP0.8623+0.0002 / +0.02%
USD/CHF0.7831+0.0007 / +0.09%
USD/CAD1.3808+0.0011 / +0.08%
USD/CNY6.7860+0.0018 / +0.03%

Today’s Calendar

Time UKEventForecastPrevious
08:00ECB Financial Stability Review——
13:00US S&P/CS HPI Composite-20 YoY0.9%0.9%
13:00US S&P/CS HPI Composite-20 MoM—0.4%
14:00US CB Consumer Confidence91.992.8
17:00US 2-Year Note Auction—3.812%

Takeaway

Markets are opening with a clear risk-on bias in futures, but the underlying cross-asset signal is more cautious. Treasuries are rallying, oil remains highly unstable, and geopolitical headlines around Hormuz are likely to dominate early trading. The key test today is whether equities can hold the futures-led bid once full liquidity returns after the holiday.

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Friday, 22 May 2026

Overnight Headlines 22nd May 2026

Multi-Asset Morning Pack – Friday 22 May 2026

Market tone: Asian equities trade broadly higher, US futures are firmer, oil is rallying on renewed Iran supply/geopolitical risk, and Treasury yields are lower across the curve.

Asia-Pacific Markets

IndexPriceChange%
Nikkei 22563,314.88+1,630.74+2.64%
Shanghai4,096.238+18.961+0.47%
Shenzhen15,458.881+211.611+1.39%
Hang Seng25,696.28+309.76+1.22%
ASX 2008,665.10+43.40+0.50%
KOSPI7,861.99+46.40+0.59%
Straits Times5,065.06+19.35+0.38%
NZX 5012,959.08+81.01+0.63%

Overnight Headlines

  1. Asia-Pacific markets trade higher as investors assess US-Iran peace-deal diplomacy
  2. Oil resumes rally as Iran reportedly wants to keep enriched uranium within the country
  3. Progress in Iran talks undercut over uranium, Hormuz tolls
  4. ‘Some good signs’ a US-Iran deal to end war could be in sight, Marco Rubio says
  5. Tech leads gain in Asian stocks, oil climbs
  6. Dow Average climbs to record on US-Iran deal hopes
  7. Japan core inflation softens to over four-year low, weakening case for BOJ hike
  8. Turkish court ousts leader of main opposition party

US Futures

FutureLastDay ChangeImplied Open
Dow Fut50,551.0+172.00 / +0.34%+195.34 / +0.39%
S&P Fut7,490.5+24.50 / +0.33%+26.78 / +0.36%
Nasdaq Fut29,573.0+125.75 / +0.43%+128.73 / +0.44%
Russell 2K Fut2,858.3+11.00 / +0.39%+3.85 / +0.13%

US Close

IndexCloseChange%
Dow Jones50,285.66+276.31+0.55%
Nasdaq Composite26,293.098+22.739+0.09%
S&P 5007,445.72+12.75+0.17%
Russell 20002,843.453+26.088+0.93%
VIX16.76-0.68-3.90%

Bonds

TreasuryYieldChange
US 6M3.753%+0.4 bp
US 1Y3.822%-0.3 bp
US 2Y4.078%-0.9 bp
US 3Y4.136%-1.2 bp
US 5Y4.236%-1.9 bp
US 7Y4.398%-1.8 bp
US 10Y4.564%-2.0 bp
US 20Y5.093%-2.5 bp
US 30Y5.088%-2.3 bp

FX

PairPriceChange%
USD/JPY159.03+0.07+0.04%
AUD/USD0.7139-0.0008-0.1119%
NZD/USD0.5872-0.0002-0.034%
EUR/USD1.1613-0.0005-0.043%
GBP/USD1.3429UNCHUNCH
EUR/GBP0.8645UNCHUNCH
USD/CAD1.3788+0.0011+0.08%

Commodities

CommodityPriceChange%
WTI Crude97.24+0.89+0.92%
Brent Crude104.05+1.47+1.43%
Natural Gas3.003-0.015-0.50%
RBOB Gas3.4214+0.0418+1.24%
Heating Oil3.8642+0.0326+0.85%
Uranium84.70UNCHUNCH

Economic Calendar

EventForecastPrevious
UK Core Retail Sales MoM Apr0.0%0.2%
UK Core Retail Sales YoY Apr1.5%1.7%
UK Retail Sales MoM Apr-0.6%0.7%
UK Retail Sales YoY Apr1.3%1.7%
German GDP QoQ Q10.3%0.2%
German GDP YoY Q10.3%0.4%
GfK German Consumer Climate Jun-33.7-33.3
German Ifo Business Climate May84.284.4
ECB President Lagarde Speaks
Eurogroup Meetings
Fed Waller Speaks
Michigan 1-Year Inflation Expectations May4.5%4.7%
Michigan 5-Year Inflation Expectations May3.4%3.5%
Michigan Consumer Expectations May48.548.1
Michigan Consumer Sentiment May48.249.8

Sources: user-supplied market screenshots from CNBC/Bloomberg/Investing.com dashboard. Bond yield changes are displayed in basis points.

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Thursday, 21 May 2026

Overnight Headlknes 21st May 2026

Multi-Asset Morning Pack – 21 May 2026

Asia handover

Asian markets trade broadly higher after a strong Wall Street close, with Japan and Korea leading gains. US futures are mixed-to-soft, while oil remains firm and Treasuries are slightly cheaper across the curve.

Asia markets

IndexPriceChange
Nikkei 22561,983.50+2,179.09 (+3.64%)
Shanghai4,162.37+0.19 (0.00%)
Shenzhen Comp15,662.21+92.23 (+0.59%)
Hang Seng25,648.28-2.84 (-0.01%)
ASX 2008,627.20+130.60 (+1.54%)
KOSPI7,761.92+552.97 (+7.67%)
Straits Times5,059.40+14.49 (+0.29%)
NZX 5012,864.62+103.59 (+0.81%)

Overnight headlines

  1. Nvidia earnings takeaways: data-centre revenue nearly doubles; stock slides
  2. US federal budget deficit projected to hit $2tn this fiscal year
  3. Stocks and bonds climb as oil falls on US-Iran hopes
  4. US Treasuries rebound on optimism for US-Iran deal progress
  5. Anthropic growth expected to propel first profitable quarter
  6. OpenAI preparing to file for IPO very soon
  7. Fed officials called for central bank to drop rate-cut signal in April
  8. Samsung reaches last-minute deal to avert strike over AI riches

US futures

ContractLastDay changeImplied open
Dow fut50,039.0-55.00 (-0.11%)-45.35 (-0.09%)
S&P fut7,449.0-2.75 (-0.04%)-1.97 (-0.03%)
Nasdaq fut29,393.5+3.00 (+0.01%)+7.80 (+0.03%)
Russell 2k fut2,818.6-2.40 (-0.09%)-9.76 (-0.35%)

US cash close

IndexCloseChange
Dow Jones50,009.35+645.47 (+1.31%)
Nasdaq Composite26,270.36+399.65 (+1.54%)
S&P 5007,432.97+79.36 (+1.08%)
Russell 20002,817.37+70.29 (+2.56%)
VIX17.44-0.62 (-3.43%)

Bonds

US Treasury yields are higher across the curve. Moves shown in basis points.

TenorYieldChange
6M3.725%+0.5 bps
1Y3.801%+0.013 bps
2Y4.064%+0.026 bps
3Y4.131%+0.024 bps
5Y4.248%+0.027 bps
7Y4.413%+0.024 bps
10Y4.588%+0.018 bps
20Y5.127%+0.8 bps
30Y5.123%+0.8 bps

FX

PairPriceChange
USD/JPY158.98+0.07 (+0.04%)
EUR/USD1.1621-0.0006 (-0.05%)
GBP/USD1.3427-0.0004 (-0.03%)
EUR/GBP0.8650UNCH
AUD/USD0.7127-0.0022 (-0.31%)
NZD/USD0.5862-0.0007 (-0.12%)
USD/CNY6.8006+0.0001 (+0.001%)

Commodities

CommodityPriceChange
WTI crude99.12+0.86 (+0.88%)
Brent crude105.81+0.79 (+0.75%)
Natural gas3.026+0.022 (+0.73%)
RBOB gasoline3.4941+0.0067 (+0.19%)
Heating oil3.9474+0.0003 (+0.01%)
Uranium84.55UNCH

Calendar

CurrencyEventForecastPrevious
EURHCOB Germany Manufacturing PMI (May) P51.051.4
EURHCOB Germany Services PMI (May) P47.146.9
EURHCOB Eurozone Manufacturing PMI (May) P51.752.2
EURHCOB Eurozone Composite PMI (May) P48.848.8
EURHCOB Eurozone Services PMI (May) P47.847.6
GBPS&P Global Composite PMI (May) P51.652.6
GBPS&P Global Manufacturing PMI (May) P52.953.7
GBPS&P Global Services PMI (May) P51.752.7
EUREU Economic Forecasts--
USDBuilding Permits (Apr) P1.380M1.363M
USDContinuing Jobless Claims1,790K1,782K
USDHousing Starts (Apr)1.420M1.502M
USDHousing Starts MoM (Apr)-10.8%
USDInitial Jobless Claims210K211K
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Wednesday, 20 May 2026

Overnight Headlines 20th May 2026

Multi-Asset Morning Pack – 20 May 2026

06:00 UK snapshot | Asia lower, US futures softer, long-end Treasury stress remains the dominant market theme.

Asia handover

Asian equities traded broadly lower after a weaker US cash session, with Japan, Korea, Australia and New Zealand all down more than 1%. The tone remains risk-off as bond-market pressure and elevated long-end yields keep equity futures under pressure ahead of Nvidia.

Asia-Pacific

IndexPriceChange
Nikkei 22559,557.59-993.00 (-1.64%)
Shanghai4,150.98-18.56 (-0.45%)
Shenzhen15,512.08-57.83 (-0.37%)
Hang Seng25,655.44-142.41 (-0.55%)
ASX 2008,492.20-112.50 (-1.31%)
KOSPI7,153.66-118.00 (-1.62%)
STI5,031.10-41.24 (-0.81%)
NZX 5012,768.02-206.30 (-1.59%)

Overnight headlines

  1. U.S. Treasurys are now firmly in the “danger zone,” strategists say
  2. Stocks extend drop before Nvidia; bonds in focus
  3. US 30-year yield hits highest since 2007 as selloff deepens
  4. 30-year Treasury yield tops 5.19%, highest since before the financial crisis
  5. Goldman Sachs said to lead SpaceX’s mega-IPO bank lineup
  6. Iran war exposes weak spots in the AI supply chain
  7. Thomas Massie defeated in GOP primary after attacks from Trump
  8. PBoC keeps loan prime rate steady: 1Y at 3.00%, 5Y at 3.50%

US futures

FutureLastDay changeImplied open
Dow Fut49,353.0-106.00 (-0.21%)-88.88 (-0.18%)
S&P Fut7,363.25-14.75 (-0.20%)-9.36 (-0.13%)
Nas Fut28,876.0-48.25 (-0.17%)-31.84 (-0.11%)
Russell 2k Fut2,744.4-8.80 (-0.32%)-14.67 (-0.53%)

US cash close

IndexCloseChange
Dow Jones49,363.88-322.24 (-0.65%)
Nasdaq Comp25,870.71-220.02 (-0.84%)
S&P 5007,353.61-49.44 (-0.67%)
Russell 20002,747.07-28.03 (-1.01%)
VIX18.06+0.24 (+1.35%)

Bonds

TreasuryYieldMove
US 2Y4.108%-1.4bp
US 5Y4.316%-1.4bp
US 7Y4.488%-1.2bp
US 10Y4.659%-1.0bp
US 20Y5.196%-0.4bp
US 30Y5.177%-0.4bp

Commodities

CommodityPriceChange
WTI crude103.97-0.18 (-0.17%)
Brent crude110.92-0.36 (-0.32%)
Natural gas3.109-0.005 (-0.16%)
RBOB gasoline3.6601-0.0361 (-0.98%)
Heating oil4.1383-0.0242 (-0.58%)
Uranium84.80UNCH

Currencies

PairPriceChange
USD/JPY158.96-0.08 (-0.0503%)
EUR/USD1.1599-0.0005 (-0.0431%)
GBP/USD1.3393UNCH
EUR/GBP0.8659-0.0001 (-0.0115%)
USD/CHF0.7896+0.0008 (+0.1014%)
USD/CAD1.3756+0.0012 (+0.09%)
USD/CNY6.8107-0.0037 (-0.0543%)

Macro notes

  • PBoC left 1Y LPR at 3.00% and 5Y LPR at 3.50%, as expected.
  • Reuters Tankan: Japan manufacturers index +8 vs +7 prior; non-manufacturers +29 vs +31 prior.
  • BoJ flagged that latest GDP data were broadly in line with forecasts, while Middle East risks are beginning to have an impact.
  • Japan’s Katayama said authorities are ready to take decisive action on FX.

Today's Economic Calendar – Wednesday 20 May 2026

Time (UK) Event Estimate Prior
07:00 UK CPI YoY (Apr) 3.1% 3.3%
07:00 UK Core CPI YoY 3.5% 3.7%
10:00 Eurozone CPI Final YoY 2.2% 2.2%
12:00 US MBA Mortgage Applications — -1.2%
15:30 EIA Crude Oil Inventories -1.8M +3.5M
19:00 Fed's Williams speaks — —
After Close Nvidia Earnings EPS est. $8.12 $7.01
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