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  • The Wall Street Journal

    The U.K. Still Has a Services-Inflation Problem

    U.K. inflation rose at its slowest pace in April since July 2021. Yields on U.K. government bonds, or gilts, rose, with the policy-sensitive 2-year gilt yield up more than 0.11 percentage point. The U.K. consumer-price index rose 2.3% in April from a year earlier, edging closer to the central bank's 2% target.

  • The Wall Street Journal

    Japanese Bond Yields Hit 1% for First Time in 11 Years

    The yield on 10-year Japanese government bonds rose to 1% for the first time in more than a decade, reflecting expectations for further monetary tightening by the Bank of Japan. Investors sold Japanese government bonds, especially longer-dated ones, after the Ministry of Finance’s auction of 40-year government bonds met weaker demand than the previous sale in March. While higher yields attract investors, the possibility of further rate increases by the BOJ reduced appetite at the auction, analysts said.

  • Investing.com

    Dollar steady ahead of Fed minutes, sterling gains on CPI release

    The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less than expected in April. The dollar is struggling to move in any meaningful fashion as traders await the release of the minutes from the last Fed meeting, searching for more cues on the likely path of U.S. interest rates towards the end of the year. Last week’s soft-than-expected consumer inflation data raised hopes of rate cuts in a reasonably short time, but a series of Fed officials have continued to call for policy caution.