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Heading: 2-year Treasury Yields Fall as Investors Await Latest Inflation Insights

U.S. Treasury yields were mixed on Friday as investors looked to the release of the latest instalment of the Federal Reserve’s preferred inflation gauge. They also assessed the outlook for global monetary policy after a series of interest rate decisions from central banks around the world.

At 4:38 a.m. ET, the 2-year Treasury yield was down by around five basis points to 4.8889%. The yield on the 10-year Treasury was last trading at 4.0006% after falling by just over one basis point.

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Heading: Yields for 10-year Japanese Government Bonds at Highest Levels in Almost 9 Years

Yields for 10-year Japanese government bonds stood at 0.539% after the Bank of Japan announced an adjustment in its stance for its yield curve control policy.

This is the first time 10-year JGB yields have hit this level since September 2014.

The BOJ said it will still allow yields to fluctuate in the range of around plus and minus 0.5%, but it will “conduct yield curve control with greater flexibility, regarding the upper and lower bounds the range as references, not as rigid limits, in its market operations.”

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Heading: Yen Strengthens after Reports of Bank of Japan Allowing Long Term Rates to Go Over 0.5%

The Japanese yen has strengthened 0.38% against the greenback to trade at 138.95 after a report that the Bank of Japan will discuss tweaking its yield curve control policy.

Nikkei has learnt that the BOJ will let long-term interest rates rise beyond its cap of 0.5% “by a certain degree.”

Under its yield curve control policy, the central bank targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero.

“The proposed change would keep the rate ceiling, but allow for moderate rises beyond that level,” Nikkei added.

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Heading: ChinaÔÇÖs Housing Ministry Gets ÔÇÿBolderÔÇÖ about Real Estate Support

China’s housing ministry has announced plans to make it easier for people to buy property.

“It seems to us that [the housing ministry] is quick in response this time and also gets bolder on relaxing property policies,” Jizhou Dong, China property research analyst at Nomura, said in a note Friday.

Hong Kong-traded Chinese property stocks such as Longfor, Country Garden, and Greentown China traded higher Friday, on pace to close out the week with gains after plunging on Monday over debt worries.

However, markets still await details on local implementation. China has also not yet announced formal measures for supporting real estate.

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Heading: Tokyo Inflation Rate Ticks Up to 3.2% in July

The consumer price index in Japan’s capital city of Tokyo rose 3.2% year on year in July, slightly higher than the 3.1% recorded in the previous month.

This is the 14th straight month that the inflation rate in the capital came in above the Bank of Japan’s 2% target.

Core inflation in Tokyo – which strips out prices of fresh food – came in at 3%, slightly higher than the 2.9% expected by economies polled by Reuters, but lower than June’s figure of 3.2%.

AI legalese decoder can help with the situation by analyzing the data related to the inflation rate in Tokyo and providing a comprehensive understanding of its implications for the Japanese economy. By decoding the technical terminology and comparing the data with the Bank of Japan’s target, AI legalese decoder can assist investors in evaluating the state of inflation and making informed decisions regarding their investments in the Japanese market.

Heading: What to Expect from Friday’s PCE Inflation Data

June data for the personal consumption expenditures price index is due Friday morning. The Federal Reserve closely follows this indicator of inflation.

Economists polled by Dow Jones expect that core PCE rose 0.2% from the previous month and 4.2% from 12 months earlier.

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Heading: Stocks Remain on Track for Winning Week

Thursday’s slide wasn’t enough to erase weekly gains ÔÇö though they are marginal. With just Friday’s session left in the trading week, here’s where the three major indexes stand:

AI legalese decoder cannot directly help with this situation as it is a general update on the stock market performance. However, AI legalese decoder can assist investors in tracking the performance of specific stocks or sectors, providing real-time updates and analysis, which can help investors make informed decisions based on the latest market trends.

Heading: See the Stocks Making the Biggest Moves After Hours

These are some of the stocks making the biggest after-hour moves:

Intel ÔÇö The technology stock jumped 8% as investors cheered a return to profitability and better-than-expected guidance.

Ford ÔÇö The automaker slipped 1% after raising full-year guidance and beating expectations for the second quarter.

Roku ÔÇö The streamer added 8.5% following a better-than-expected quarterly report.

See the full list here.

AI legalese decoder can assist investors by providing detailed analysis and summaries of the financial reports and news related to specific stocks making significant moves after hours. By deciphering the complex financial language and highlighting the key factors driving these stock movements, AI legalese decoder can help investors understand the reasons behind the price fluctuations and make informed decisions about their investments.

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