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SocGen's Overnight Economic News Summary

BY MT Newswires | ECONOMIC | 05:49 AM EDT

05:49 AM EDT, 05/27/2026 (MT Newswires) -- Societe Generale in its early Wednesday economic news summary pointed out:

-- Brent offered inside a weekly range. 10-year United States Treasury dips to 4.465%, lowest since May 14, 2s/10s flattens to 44.5bps. Federal Reserve's Kashkari (FOMC voter): prolonged war could un-anchor inflation expectations and trigger a series of rate increases.

-- The Reserve Bank of New Zealand holds OCR at 2.25%, MPC split 3-3, Governor Breman casts deciding vote for no change. Statement: rates may need to rise sooner and by more than signaled in February. Inflation expected to peak at 4.3% in September quarter, forecast to return to 2% target mid-point in mid-2027. NZD/USD +0.6% to 0.5870.

-- Australia April consumer price index slows more than forecast to 4.2% year over year from 4.6% in March, core up a tick at 3.4% following temporary fuel tax cut. Implied odds of another 25bps Reserve Bank of Australia hike this year drop to 80%, three-year ACGB -5bps to 4.49%, AUD/USD -0.15% at 0.7151.

-- Day ahead: Fed speakers Logan, Cook. UST five-year auction. French consumer confidence. Germany 15-, 30-year auction. United Kingdom sells seven-year Gilts.

-- Nikkei +0.15%, EUR 10-year IRS -1bp at 3.0%, Brent crude -1.5% at US$98.1/barrel, Gold -0.5% at US$4,483/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.

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