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SocGen's Overnight Economic News

BY MT Newswires | ECONOMIC | 08/27/25 05:47 AM EDT

05:47 AM EDT, 08/27/2025 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- US dollar (USD) broadly bid versus G10 ahead of Nvidia Q2 earnings. Two-year United States Treasury yield dips to 3.6495%, lowest since May after impressive auction: stop-through 1.5bps, non-dealer bidding 90.3%, b/c 2.69 times. 10-year UST yield little changed at 4.26%. U.S. tariffs on India double to 50% effective on Wednesday for purchases of Russian oil. Electronics and pharmaceutical exports are exempt.

-- Australia's July consumer price index accelerates more than forecast to 2.8% year over year from 1.9% in June. Core up to 2.7%, the highest since April. Next 25bps Reserve Bank of Australia cut discounted for November. AUD/USD -0.1% at 0.6485. Three-year ACGB yield +3bps at 3.43%.

-- Day ahead: Nvidia Q2 earnings, consensus $1.014/share. The U.S. sells $70 billion five-year, Germany four billion euros seven-year auction, United Kingdom five billion pounds three-year sale. Mexico trade data.

-- Nikkei +0.3%, EUR 10-year IRS unchanged at 2.68%, Brent crude -0.1% at $67.1/barrel, Gold -0.1% at $3,379/oz.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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