Flash News

TREE NEWS reports: The US 10-year Treasury yield fell 2.52 basis points to 5.2126% in New York trading on Tuesday, October 13, after the bond market was closed Monday for a holiday. The 30-year yield dropped 3.41 basis points to 5.5614%, while the 2-year yield was flat at 4.7869%. The 2s/10s spread narrowed 2.308 basis points to plus 42.149 basis points.

TREE NEWS update: Intercontinental Exchange, parent of the New York Stock Exchange, plans to launch contracts for betting on future cattle and hog prices, challenging long-dominant CME Group. ICE executives said the first cattle and hog futures will list by year-end, with a target launch date of Dec. 7. The exchange operator will offer physically delivered live cattle futures and three cash-settled cattle and hog price contracts, all subject to regulatory review.

TREE NEWS update: The US Department of Energy has backed a large-scale power grid expansion project covering eight states. No further terms, cost figures or timeline were disclosed in the material.

TREE NEWS update: Nvidia CEO Jensen Huang met with French President Emmanuel Macron, who hosted the meeting. No further details of the meeting, its agenda or any agreements were disclosed. The encounter comes as France positions itself as a hub for AI investment and Nvidia’s chips power most of the world’s advanced AI models.

TREE NEWS reports: Several small and mid-sized Chinese banks have received window guidance on their financial investment business, requiring that growth in financial investments not exceed loan growth and that the duration of newly added bonds not exceed that of existing holdings. The guidance is being advanced separately by some provincial regulators based on local conditions and is not yet a nationwide unified arrangement. Some banks are reassessing their bond allocation pace and maturity structure.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy commander Alireza Tangsiri said on the 13th that Iran is waiting for a US warship to approach the entrance of the Strait of Hormuz so it can sink it. He said the US vessel, positioned 700 km from the strait, does not dare come closer, and that Iran is counting down to that day. He added that US forces must leave the region and that Iranian personnel are more prepared than ever.

TREE NEWS update: A magnitude 6.0 earthquake struck Papua New Guinea. No immediate reports of casualties or damage were available. The quake’s epicenter and depth were not disclosed in the initial report.

TREE NEWS reports: Climate activists said they found evidence of suspected methane emissions at a Uniper SE facility and at German gas import terminals, indicating possible breaches of air-quality rules. The findings come from field surveys of oil and gas infrastructure in Germany and the Netherlands, covering four German LNG terminals, and cite apparent venting at sites run by Uniper and Thyssengas. Both companies said emissions are minimized and reported to authorities; other operators questioned the activists’ methods.

TREE NEWS update: The Federal Reserve Bank of New York said it will conduct a small forward-start term repurchase agreement operation on October 20. The operation is intended to test the Fed’s readiness to execute open market operation directives. No size for the repo was disclosed.

TREE NEWS update: The United Kingdom Maritime Trade Operations (UKMTO) said a reliable source reported that a container ship was struck by an unidentified flying object. The agency issued the report without specifying the vessel’s location, flag or the extent of any damage. No group has claimed responsibility and further details were not immediately available.

TREE NEWS reports: The dollar fell 0.19% against the yen to 158.32 in late New York trading on Tuesday, October 13, with an intraday range of 158.69 to 157.83. The yen also gained 0.22% against the euro and 0.17% against the pound, and rose 0.18% against the offshore yuan.

TREE NEWS reports: The ICE US Dollar Index fell 0.41% to 102.167 in late New York trading on Tuesday, October 13, after opening lower and sliding through the session. It came within a hair of the intraday low of 102.162 touched at 21:50 Beijing time. The Bloomberg Dollar Index slipped 0.22% to 1,224.71, trading between 1,227.30 and 1,224.57 on the day.

TREE NEWS reports: The onshore yuan closed at 6.6928 per US dollar at 03:00 Beijing time, up 12 pips from Monday’s late-night close. Trading volume for the session reached $45.308 billion.

TREE NEWS reports: The Hang Seng Index main-contract futures closed down 0.07% at 24,340 in the overnight session. The Hang Seng Tech Index main-contract futures closed up 0.05% at 4,143 in the same session.

TREE NEWS reports: The Bloomberg Grains Subindex closed down 0.28% at 32.3755 in New York on Tuesday, October 13, after touching a session low of 32.1528 and a high of 32.7386 at 23:04 Beijing time before turning lower. CBOT corn slipped 0.05%, wheat 0.50% and soybeans 0.30%, while soybean meal fell 1.44% and soyoil 0.95%. Lean hogs dropped 0.59%, live cattle 0.11% and feeder cattle 0.09%.

TREE NEWS reports: European Central Bank chief economist Philip Lane said the possibility that artificial intelligence replaces part of the workforce could weaken workers’ bargaining power and thereby slow wage growth. The remark points to AI’s potential disinflationary effect on the euro area labor market.

TREE NEWS update: US President Donald Trump said on social media on the 13th that Yemen’s Houthis are deliberately driving up oil prices ahead of the US midterm elections. Trump said the Houthis are hitting Saudi Arabia with “very nasty” means and likely intend to raise oil prices before the US vote. Earlier that day, before leaving the White House for Alaska, he said he had spoken with Saudi Crown Prince and Prime Minister Mohammed, but declined to say whether he had decided to join Saudi operations against the Houthis. He added that a decision on Iran would be made soon.

TREE NEWS update: Hezbollah announced a housing assistance program on the 13th that will provide up to $14,000 per household to families affected by Israeli strikes, covering rent payments and furniture purchases. The Lebanese group said the aid is intended for those whose homes were damaged or destroyed in the attacks.

TREE NEWS reports: WTI November crude futures settled up $0.40, or 0.43%, at $94.14 a barrel on a fourth consecutive session of gains, a cumulative rise of nearly 6.64% from the October 7 close of $88.28 and nearing the September 24 settlement of $94.61. Middle East Abu Dhabi Murban crude fell 1.91% to $110.10 a barrel. NYMEX November natural gas settled at $3.2830 per million British thermal units.

TREE NEWS reports: Shanghai Futures Exchange crude oil futures for the 2611 contract closed the night session unchanged at 753.30 yuan per barrel. In precious metals, Shanghai gold fell 0.33% in night trading and Shanghai silver dropped 1.51%.