SocGen's Overnight Economic News Summary
BY MT Newswires | TREASURY | 09/25/25 05:50 AM EDT05:50 AM EDT, 09/25/2025 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:
-- The US dollar (USD) tracks higher United States Treasury yields, 2s back up to 3.60%, break opens 3.70%. 10s up to 4.147%. U.S: Treasury Secretary Bessent: to complete the first round of interviews for the successor of Federal Reserve Chair Powell by the first week of October, surprised that the Fed hadn't sketched out a target for lowering rates by the end of the year by 100bps-150bps given recent downward revisions in jobs data.
-- Day ahead: Swiss central bank (SNB) stays on hold at 0%, Banxico forecast to cut 25bps. U.S. weekly jobless claims, durable goods orders, Q2 final gross domestic product, seven-year auction. Fed speakers Goolsbee, Williams, Schmid, Bowman, Barr, Logan, Daly. European Central Bank speaker Kazimir. United Kingdom Gilt auction.
-- Nikkei +0.2%, EUR 10-year IRS unchanged at 2.71%, Brent crude +0.3% at $69.1/barrel, Gold flat at $3,740/oz.
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