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SocGen's Overnight Economic News Summary

BY MT Newswires | TREASURY | 09/22/25 06:01 AM EDT

06:01 AM EDT, 09/22/2025 (MT Newswires) -- Societe Generale in its early Monday economic news summary pointed out:

-- US dollar, (USD), Unite States Treasury yields extend rebound post-FOMC/jobless claims, 10-year up to 4.145%, 2s/10s steepens to 56bps. Federal Reserve Chair Powell speaks on economy on Tuesday. Bund yield at upper end of the range near 2.75%. European Central Bank's Lane and Nagel speak on Monday.

-- Italy: Fitch raised rating to BBB+ from BBB, outlook stable from positive. DBRS lowered France to AA from AA high, outlook changed to stable from negative, cites likely slower fiscal consolidation path and political fragmentation.Chinese banks leave one- and five-year LPRs unchanged at 3.00% and 3.50%, respectively.

-- CFTC currency positioning: Euro (EUR) net longs trimmed to 13.8%, yen (JPY) longs cut to 20.5%, sterling (GBP) shorts plummet to 2.8%, Australian dollar (AUD) shorts declined to 33.0%, Canadian dollar (CAD or loonie) shorts declined to 40.1%, Swiss franc (CHF) shorts jump to 36.3%, Mexican peso (MXN) longs climbed to 42.8%, South Africa's rand (ZAR) longs trimmed to 39.1%.

-- Week ahead: Sweden's Riksbank 25bps cut in the balance, Swiss central bank (SNB) forecast to stay on hold. U.S., eurozone and United Kingdom PMIs. U.S. PCE inflation, durable goods orders. ECB inflation expectations. Mexico (Banxico to cut 25bps. Czech (CNB) and Hungarian (MNB) central banks forecast to stay on hold. Tokyo and Australia consumer price index.

-- Nikkei +1.5%, EUR 10-year IRS unchanged at 2.70%, Brent crude +0.3% at $66.9/barrel, Gold +.2% at $3,693/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.

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