SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 12/02/25 05:53 AM EST

05:53 AM EST, 12/02/2025 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:

-- US dollar (USD) mixed, 10-year United States Treasury consolidates after 7bps jump on Monday to 4.086% on Japanese government bond (JGB) sell off, higher oil, U.S. issuance. 10-year JGB auction solid overnight, b/c 3.59 times versus the six-month average of 3.40 times. Finance Minister Katayama: The specific methods of monetary policy are, and should be, left to the Bank of Japan, as a general rule, and I also believe this is the case. Bund yields near overbought levels at 2.75%.

-- Day ahead: Eurozone flash consumer price index. European Central Bank speaker Dolence. Federal Reserve's Bowman.

-- Nikkei +0.2%, EUR 10-year IRS unchanged at 2.80%, Brent crude +0.2% at $63.3/barrel, Gold -0.4% at $4,217/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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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