SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 01/27/26 05:54 AM EST05:54 AM EST, 01/27/2026 (MT Newswires) -- Societe Generale in its early Tuesday economic news summary pointed out:
-- US dollar (USD) consolidates in a narrow range, USD/JPY rebounds off 100dma, 10-year Japanese government bond +5bps to 2.275%. Australian curve bear flattens ahead of Q4 consumer price index on Wednesday, three-year +4.5bps to 4.30%. 10-year United States Treasury steady at 4.21%, below 200dma 4.23%. Two-year UST auction strong: stop-through 1.5bps, non-dealer bidding 92.7%, bi-cover ratio 2.75. Polymarket odds up to 80% of a government shutdown on Friday.
-- Tariffs: The U.S. threatens to raise tariffs on South Korean goods to 25% from the existing 15% for failure of the country's legislature to codify the trade deal reached last year. The new rate would apply to autos, lumber, pharma and all other reciprocal tariffs.
-- Day ahead: U.S. weekly ADP employment, consumer confidence, five-year UST sale. European Central Bank speaker Nagel. Chile's and Hungary's central banks forecast to stay on hold.
-- Nikkei +0.85%, EUR 10-year IRS +1bp at 2.90%, Brent crude -0.6% at $65.2/barrel, Gold flat at $5,099/oz.
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