日本 20年間の国債オークション

ドイツ 生産者物価指数月增率

ドイツ PPI前年比

スイス 貿易収支

China’s 10-year government bond yield fell to around 1.65% on Tuesday, hovering near its lowest level since June 2025 after the People’s Bank of China left its benchmark lending rates unchanged. The central bank kept the one-year loan prime rate at 3% and the five-year rate at 3.5%, holding both at record lows for a 17th consecutive month. The decision followed data showing China’s economy grew 4.5% year-over-year in Q3 2026, accelerating from a three-year low in Q2 and beating market forecasts. The rebound keeps Beijing’s full-year growth target of 4.5%–5.0% within reach, giving policymakers more room to delay broad-based monetary easing after introducing fresh targeted support measures. Meanwhile, PBoC Governor Pan Gongsheng said the central bank would place greater emphasis on short-term interest rates, with the overnight interbank repo rate potentially serving as a benchmark for bonds and financial derivatives while the LPR remains the benchmark for corporate and personal loans.

China 10Y Yield Hovers Near 2025 Low

The offshore yuan strengthened to around 6.68 per dollar on Tuesday, extending its winning streak to a fourth straight session and hitting its strongest level since June 2022, as stronger economic growth reduced the urgency for further monetary easing. The PBoC kept the one-year LPR unchanged at 3% and the five-year rate at 3.5%, holding both at record lows for the 17th consecutive meeting. China’s GDP grew 4.5% yoy in Q3 2026 from Q2’s three-year low and keeping the government’s FY growth target of 4.5%–5% within reach. This gives policymakers more room to hold off on additional easing after rolling out fresh targeted measures to support the domestic economy. Meanwhile, PBoC Governor Pan said the PBoC would continue reforming its monetary policy framework, with greater emphasis on short-term interest rates. The LPR could remain the benchmark for small business and personal loans, while the overnight interbank repo rate could serve as a benchmark for bonds and financial derivatives.

Offshore Yuan Extends Gains to Over 4-Year High

Zinc futures hovered above $3,700 per ton, holding onto a rebound from a more than two-month low of $3,664.9 per ton touched on October 16, amid persistent near-term supply tightness. Tight supply is particularly evident in Western markets, where zinc production fell 3.4% year-on-year in the first half of 2026 amid high energy costs and limited raw material availability. Investors are also watching the outcome of Nyrstar’s strategic review of its loss-making Budel smelter in the Netherlands, with potential operational changes posing a threat to supply. Meanwhile, China’s refined zinc production fell 1.9% month-on-month and 6.4% year-on-year in September. Adding to supply concerns, inventories monitored by the Shanghai Futures Exchange declined 1.5% from the previous week, providing further support for prices.

Zinc Holds Rebound

Australia’s 10-year government bond yield traded below 5.3%, struggling to recover from a recent five-week low as investors awaited further clues on the policy outlook. Focus is on RBA Deputy Governor Andrew Hauser, who is due to speak this week and could provide insight into the prospects for a fifth rate hike this year. An RBA official recently noted that the labor market may be cooling faster than anticipated, though the next inflation report on October 28 remains key to the policy outlook. Core inflation in the third quarter is expected to rise above the RBA’s 2–3% target and its 3.3% forecast. Governor Michele Bullock and other officials will face lawmakers that day, offering an opportunity to address the latest figures. Markets now price in roughly a one-in-three chance of a November hike, rising to 56% for December. Meanwhile, elevated oil prices amid ongoing hostilities in the Middle East and Eastern Europe, heightened inflation concerns  and pushed global yields higher.

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最新ニュース

China 10Y Yield Hovers Near 2025 Low

Offshore Yuan Extends Gains to Over 4-Year High

Zinc Holds Rebound

Australia 10Y Yield Trades Below 5.3%

近日の事件

日本 20年間の国債オークション

ドイツ生産者物価指数月增率

ドイツ PPI前年比

スイス貿易収支

話題の銘柄と投資戦略を提供します

タイムリーなニュースや経済イベント＆アイデアで、賢く投資を。

最新ニュース

China 10Y Yield Hovers Near 2025 Low

Offshore Yuan Extends Gains to Over 4-Year High

Zinc Holds Rebound

Australia 10Y Yield Trades Below 5.3%

近日の事件

日本 20年間の国債オークション

ドイツ 生産者物価指数月增率

ドイツ PPI前年比

スイス 貿易収支

ドイツ生産者物価指数月增率

スイス貿易収支