US yields

Briefs: China unexpectedly cuts one-year policy rate by most since 2020; NTUC Enterprise remains 'fully committed' - THE EDGE SINGAPORE

Global Economy

Briefs: China unexpectedly cuts one-year policy rate by most since 2020; NTUC Enterprise remains 'fully committed'

In other news this week: US yield curve steepens as Fed rate cuts loom; S&P 500 snaps longest streak.

Bonds and treasuries

Fed could embark on shorter, sharper recalibration cycle if needed, says DBS

The US Treasuries curve further steepened overnight, now putting between the two-year and 10-year spread to -14 bps.

US Economy

US yield curve steepens as bond traders see Fed cuts looming

Yields on two-year Treasuries slid three basis points, while those on 10-year bonds were up by about the same amount.

Currencies

The US poses a bigger danger to Asian markets than China

(Feb 2): Asia’s economies may be increasingly bound to China, but the risks to the region’s markets may be more linked to the US as Chinese policy makers make progress in arresting a record run-up in the country’s debt.
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