SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 09/11/25 06:48 AM EDT

06:48 AM EDT, 09/11/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- US dollar (USD) bid in tight range ahead of the consumer price index, 10-year United States Treasury closing in on 4.0% after the downside surprise for the producer price index, support 4.04%/3.95%, resistance 4.18%. 10-year UST auction solid: stop through 1.3bps, non-dealer bidding record 95.8%. UST 2y/10y flattens to 50bps.

-- South Korea: early September exports rose 3.8% year over year, imports up 11.1%. Separately, President Lee Jae Myung warns that the U.S. immigration raid detaining over 300 Korean workers may significantly impact future direct investments into the U.S.

-- Day ahead: European Central Bank is forecast to stay on hold, signal policy appropriate. U.S. CPI, SocGen forecasts +0.3% for headline and core, weekly jobless claims, 30-year UST auction. Italy benchmark auction. Turkey central bank forecast to cut 200bps. Brazil retail sales.

-- Nikkei +1.2%, EUR 10-year IRS steady at 2.61%, Brent crude -0.1% at $67.4/barrel, Gold -0.3% at $3,633/oz.

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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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