Flash News

TREE NEWS reports: UK two-year gilt yields fell 8.6 basis points to 4.801% on Thursday, after touching 4.970% during the session. The 10-year yield slipped 2.7bps to 5.398%, having earlier hit 5.504%, near its 2007 third-quarter peak of 5.564%. The 30-year yield ended down 0.4bp at 5.945% after rising to 6.021%, its first move above the 6% level since the first quarter of 1998. The 2s/10s spread widened 5.779bps to +59.429bps.

TREE NEWS reports: The spread between two-year Italian and German government bond yields widened by the most since 2020, reflecting fresh stress across euro-area sovereign debt. The 10-year French-German spread also moved, widening 14 basis points to 141 basis points. The moves highlight growing divergence between core and periphery eurozone debt markets.

TREE NEWS reports: New Tesla registrations in Portugal rose 128.3% year-on-year in September. For the first nine months of the year, cumulative Tesla registrations were up 59.4% from a year earlier. Registrations of new light battery-electric vehicles in Portugal climbed 87.4% year-on-year in September.

TREE NEWS reports: Freddie Mac reported that the US 30-year fixed mortgage rate rose to 7.28% last week, up from 7.03% the prior week and the highest level since November 2023. The weekly increase extends a climb in home borrowing costs, with the benchmark rate now more than a quarter-point above its previous reading.

TREE NEWS reports: Saudi Arabia’s East-West crude oil pipeline is transporting 5.5 million barrels per day. The pipeline carries crude across the kingdom from the eastern fields to the Red Sea coast, providing an export route that bypasses the Strait of Hormuz. No further details on the timeline or comparison with prior capacity were provided.

TREE NEWS reports: JPMorgan strategists including Dubravko Lakos-Bujas told clients to position for rising implied volatility ahead of the US midterm elections, warning the VIX could repeat its pre-election pattern or that other macro risks could intensify. In a client note, the team said it prefers buying VIX upside before the vote, noting that implied volatility remains low even as interest rates, fuel prices and AI-driven disruption hang over markets.

TREE NEWS reports: The Bloomberg Dollar Index climbed 0.6% on the day, touching a session high. The move marks the index’s strongest level of the trading session.

TREE NEWS reports: US bond yields fell sharply around Thursday’s Wall Street open, pulling back from new 24-year highs. Bitcoin price action sought to preserve a local trend of higher lows during the same session, with the cryptocurrency fighting to keep its short-term uptrend intact. No specific price levels or yield figures were given.

TREE NEWS reports: US homebuilder shares slid after the 10-year Treasury yield briefly broke above its 2007 high, deepening concerns over already elevated borrowing costs. The S&P 1500 Homebuilding Index fell as much as 2.6%, with every constituent lower. Dream Finders Home dropped 4.1%, Century Communities 4.0%, D.R. Horton and NVR 3.0% each, and the SPDR S&P Homebuilders ETF fell as much as 2%.

TREE NEWS update: Russian President Vladimir Putin said it cannot be certain that major powers will not deploy weapons of mass destruction, adding that such a scenario must be avoided. Russia is ready to work with other countries to draw up a roadmap for world development, he said.

TREE NEWS reports: In late European trading on Thursday, October 1, ICE UK natural gas futures fell 1.70%, while TTF benchmark Dutch natural gas futures rose 0.65%. ICE EU carbon emission allowance futures gained 0.56%.

TREE NEWS update: A SpaceX Dragon spacecraft carrying four astronauts lifted off from Cape Canaveral Space Force Station in Florida at 11:10 a.m. EDT on October 1, riding a Falcon 9 rocket toward the International Space Station. The capsule separated from the rocket and is scheduled to dock with the ISS about eight hours after launch. The mission, designated Crew-13, is the 13th crew rotation flight flown by a Crew Dragon.

TREE NEWS update: Canadian Prime Minister Mark Carney said a new oil pipeline could deliver sustained growth for the Fort McMurray region rather than a short-term boom. He made the remarks in comments on the project’s economic impact on the Alberta community. Carney did not provide a timeline or further details on the pipeline.

TREE NEWS reports: A German government draft projects the country’s economy will grow 0.6% in 2028. The same draft raises the 2027 growth forecast to 1.1%, up from 0.9% projected in April, and lifts the 2026 forecast to 1.3% from 0.5%.

TREE NEWS update: Russia warned NATO that it is prepared to use all means, including nuclear weapons, to defend Kaliningrad if the exclave is blockaded. Kremlin spokesman Dmitry Peskov reiterated on October 1 that Kaliningrad is an inalienable part of the Russian Federation and that any attempt to pressure the region is unacceptable. The warning follows recent NATO exercises along the Baltic coast.

TREE NEWS update: Iran’s foreign ministry summoned British ambassador Hugo Shorter on October 1 to protest what it called Britain’s “unfounded” accusation that Tehran was involved in an alleged plot to attack the UK’s RAF Fairford base. Deputy Foreign Minister Ravanci told the ambassador London must give a formal explanation and correct its position. Iran also protested what it described as the UK government’s continued “destructive practices” toward Tehran.

TREE NEWS reports: Traders have reduced their wagers on the European Central Bank’s rate path, no longer fully pricing in three future rate hikes. The shift in money-market positioning marks a pullback from earlier expectations for a more aggressive tightening cycle. No further details were disclosed.

TREE NEWS reports: The MSCI Nordic Countries Index dropped 1% to 383.23 points, its worst single-day performance since Sept. 18. Among the ten sectors, Nordic industrials posted the steepest decline. High-tech engineering company Sandvik AB fell 4.6%, the weakest performer among Nordic stocks.

TREE NEWS reports: Bridgewater Associates’ Pure Alpha fund rose 18.4% in the first nine months of 2026, while the AIA Marco Fund gained 16.4% over the same period. The figures put both funds in positive territory through September 2026.

TREE NEWS reports: The US Treasury auctioned four-week bills at a high yield of 3.890% with a bid-to-cover ratio of 2.83, and eight-week bills at a high yield of 3.990% with a bid-to-cover ratio of 2.70. The results set the latest short-term funding costs for the government’s shortest-dated debt.