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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 12/12/25 05:52 AM EST

05:52 AM EST, 12/12/2025 (MT Newswires) -- Societe Generale in its early Friday economic news summary pointed out:

-- Foreign exchange majors rangebound, 10-year United States Treasuries steady at 4.15% after drop to 4.10% on Thursday on spike in weekly jobless claims. S&P 500 closed at a record high (6,901) on rotation from tech to value stocks. Treasury auction decent: stop through 0.3bp, non-dealer bidding 88.8%, bid-cover ratio of 2.36 times. Indian rupee (INR) slips to a fresh record low of 90.56/USD, Reserve Bank of India reportedly intervenes in the onshore market.

-- The United Kingdom October gross domestic product contracts 0.1% month over month, drops 0.1% three-month/over/three-month, below forecast. Services -0.3%, manufacturing 0.5%, construction -0.6%. Trade deficit widens to 22.5 billion pounds.

-- Day ahead: Federal Reserve speakers Paulson, Hammack and Goolsbee. India's consumer price index.

-- Nikkei +1.4%, EUR 10-year IRS +1bp at 2.90%, Brent crude +0.5% at $61.6/barrel, Gold +0.2% at $4,286/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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