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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 02/12/26 05:52 AM EST

05:52 AM EST, 02/12/2026 (MT Newswires) -- Societe Generale in its early Thursday economic news summary pointed out:

-- United States Treasury yields steady in Asia after lift from "stellar" employment report on Wednesday, 172,000 gain in private payrolls was the strongest since December 2024, expanding labor force, drop in jobless rate to 4.3%, stronger earnings. 10-year UST off 4.20% high to 4.178% (50dma), 10-year refunding auction tailed 1.5bps, non-dealer bidding 86.6%, bid-to-cover 2.39 times.

-- U.S. House votes 219-211 to overturn President Trump's Canada tariffs, with six Republicans joining Democrats to terminate the national emergency that Trump invoked in February 2025 to impose tariffs on Canada (FT).

-- United Kingdom Q4 gross domestic product growth 0.1% quarter over quarter (1.0% year over year), in line with Bank of England forecast. Private consumption 0.2%, government spending 0.4%, business investment -2.7%.

-- Day ahead: Federal Reserve speakers Schmid, Bowman, Hammack, Logan. US weekly jobless claims. European Central Bank's Cipollone, Makhlouf, Radev, Stournaras, Lane, Nagel. India's consumer price index. EU-27 leaders' summit.

-- Nikkei +0.1%, EUR 10-year IRS unchanged at 2.81%, Brent crude +0.4% at $69.7/barrel, Gold -0.6% at $5,058/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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