SocGen's Overnight Economic News Summary
BY MT Newswires | ECONOMIC | 02/25/26 06:24 AM EST06:24 AM EST, 02/25/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:
-- Bond yields back off technical support led by Japanese government bonds on dovish Bank of Japan board appointments (10-year +4.5bps), upside surprise for Australian core consumer price index, recovery in Tech stocks. The US dollar (USD) broadly offered. Two-year United States Treasury auction average stats: tail 0.1bp, non-dealer bidding 91.2%, bid-to-cover ratio falls to 2.63 times.
-- Australia January headline CPI unchanged at 3.8% year over year, core trimmed mean ticks up to 3.4% from 3.3% (+0.3% month over month). Reserve Bank of Australia futures discount next 25bps hike in May. Three-year ACGB +3.5bps, AUD/USD resistance 0.7147 (Feb. 12 high), AUD/JPY new high at 110.88.
-- Day ahead: Nvidia results, Federal Reserve speakers Barkin, Schmid and Musalem. Five-year UST auction, European Central Bank's Vujcic. South Africa's budget.
-- Nikkei +2.2%, EUR 10-year IRS unchanged at 2.73%, Brent crude +0.7% at $71.4/barrel, Gold +0.5% at $5,187/oz.
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