DXY & Forex

On May 28, the U.S. 7-year Treasury note auction settled at a yield of 4.29%, up from the previous auction's 4.18%, marking an increase of 11 basis points.

On May 28, German 10-year Bund yields declined 2.5 basis points to 2.962% by late European trading, falling as low as 2.944% after media reports of a U.S.–Iran agreement triggered a sell-off in safe-haven debt. The 2-year yield dropped 2.7bp to 2.558%, while the 30-year yield fell 2.1bp to 3.515%.

According to CME FedWatch tool data as of May 29, the probability of the Federal Reserve maintaining rates unchanged through the end of 2026 stands at 51.9%, while year-end rate-cut expectations have largely faded to just 0.5% odds of a cumulative 25 basis point cut. Rate-hike odds have risen

According to Freddie Mac, the 30-year fixed mortgage rate in the U.S. reached 6.53% last week, marking the highest level since August 2025.

On May 28, the U.S. Treasury's 8-week note auction recorded a bid-to-cover ratio of 3.08, up from 2.77 in the previous auction, indicating increased demand for shorter-term government debt.

On May 28, the U.S. 8-week Treasury Bill auction yielded a winning rate of 3.615%, compared to 3.6% in the previous auction.

The U.S. 4-week Treasury auction held on May 28 resulted in a discount rate of 3.63%, up 2 basis points from the previous auction's 3.61%.

On May 28, the U.S. Treasury's auction of 4-week bills saw a bid-to-cover ratio of 41.91%, down from 62.57% in the previous auction, indicating reduced demand relative to the offering size.

According to Nilton David, a monetary policy board member at Brazil's central bank, the institution will not allow elevated inflation expectations to translate into actual price pressures. Speaking at an event in São Paulo, David emphasized that policymakers have sufficient room to address price pre

Federal Reserve Vice Chair Neel Kashkari's colleague Musallem indicated recently that the Fed could consider rate cuts if inflation continues to fall and certain economic scenarios materialize.

The US Dollar Index (DXY) touched 99 intraday today, declining 0.23% during the session.

St. Louis Federal Reserve President Neel Kashkari, a 2028 FOMC voting member, is scheduled to deliver remarks in approximately 10 minutes.

Senior Deputy Governor Rogers and Deputy Governor Gravelle of the Bank of Canada will hold a press conference at 11 a.m. ET today (11 p.m. Beijing time).

Germany's Finance Minister Christian Lindner has called for the European Union's market integration and regulatory reform package to be passed this year.

According to Jin10, on May 28, Federal Reserve officials including Williams stated that the impact of productivity gains on interest rates remains unclear. Williams said the effect depends on the nature of productivity changes and their expected duration. Fed officials have expressed uncertainty

South Africa's repo rate rose to 7% as of May 28, up 25 basis points from 6.75%, matching market expectations of 7.00%.

According to Jin10, U.S. PCE inflation rate accelerated to 3.8% from 3.5% on May 28, while Treasury yields retreated amid mixed economic signals. The 10-year Treasury yield fell to 4.485% from 4.508%, and the 2-year yield dropped to 4.045% from 4.070%. Durable goods orders rose 7.9%, exceeding

According to Russia's central bank data, the country's gold and foreign exchange reserves fell to $75.38 billion for the week ending May 22, down from $76.89 billion in the prior week.

New York Federal Reserve President John C. Williams, a permanent FOMC voting member, is set to deliver a keynote speech at a conference organized by the Central Bank of Iceland within minutes.

U.S. personal spending increased 0.5 percent month-over-month in April, matching the consensus forecast of 0.50 percent. The prior month's figure was revised upward to 1.0 percent from an earlier estimate of 0.90 percent.