Flash News

TREE NEWS reports: The spread between France’s 10-year government bond yield and the comparable swap rate widened to 126 basis points, a record high. The move marks the widest gap between French sovereign debt and the equivalent interest-rate swap on record, underscoring the premium investors are demanding to hold French government paper over the swap benchmark.

TREE NEWS update: The US Treasury said it will conduct a liquidity buyback operation on October 1, repurchasing up to $6 billion of Treasury securities maturing in 10 to 20 years. The operation is part of the department’s regular liquidity support for the Treasury market.

TREE NEWS reports: US natural gas inventories rose 64 billion cubic feet in the week ended September 25, the EIA reported, following a 53 bcf build the prior week. The larger injection points to ample supply as the market tracks storage ahead of the winter heating season.

TREE NEWS update: South Korean President Lee Jae-myung appointed several presidential aides and senior government officials on October 1, the presidential office said, in a move to implement his administration’s policy agenda. A recent poll put Lee’s approval rating at 43%, a persistently low level.

TREE NEWS update: Ukraine’s State Nuclear Regulatory Inspectorate said a Russian drone struck the Nuclear Research Institute of Ukraine’s National Academy of Sciences in Kyiv on the evening of Sept. 30, sparking a fire that was quickly extinguished. No casualties or abnormal radiation levels were reported, and the institute’s nuclear reactor was not damaged. Investigators are assessing damage to the facility.

TREE NEWS update: Federal Reserve Governor Christopher Waller said at FRED Con that FRED visits are growing about 150% a year, with AI and bots accounting for most of the new traffic and AI agents now generating roughly half of all visits. The St. Louis Fed, which maintains the economic database, has launched an MCP Connector letting users query economic data through AI agents of their choice, and is developing skills to help agents use the data correctly.

TREE NEWS reports: The Institute for Supply Management said its US manufacturing PMI came in at 54.5 in September, down 0.1 point from 54.6 in August and a ninth straight month of expansion. The prices index rose to 77.9 from 71.1, while new orders climbed to 55.3 and employment to 52.7; production fell to 56.7 and inventories to 48.6.

TREE NEWS reports: Micron Technology shares extended their decline and were down 3% as of the latest reading. The move marks a widening of the chipmaker’s losses. No further details were immediately available.

TREE NEWS reports: The spread between French and German 10-year government bond yields widened by 8 basis points to 135 basis points. The move marks a further divergence in euro-area sovereign borrowing costs between the two largest economies.

TREE NEWS reports: US Treasuries declined on Monday after the release of ISM data, with the 30-year bond leading the selloff. The move came as the latest ISM reading shaped rate expectations across the curve. No further details were immediately available.

TREE NEWS reports: The Nasdaq 100 erased its earlier gains, while the S&P 500 fell 0.2%. The reversal in the tech-heavy index came as the broader benchmark turned lower on the day.

TREE NEWS reports: The US ISM manufacturing index for September came in at 54.5, missing the 55 expectation and slipping slightly from the prior reading of 54.6. The print keeps the gauge in expansion territory but points to marginally slower factory activity than economists had penciled in.

TREE NEWS reports: Brent crude oil broke above $101 a barrel, gaining more than 3.0% intraday. The move marks a fresh leg higher for the international benchmark, with the session’s advance exceeding three percentage points.

TREE NEWS update: European Central Bank President Christine Lagarde said Europe would expose itself to vulnerability if it relies on AI models developed elsewhere, calling for the bloc to build its own capabilities and become an indispensable part of the AI supply chain. She said access to tools critical to financial resilience should not depend on a switch controlled by other regions. Lagarde and several Governing Council members have repeatedly warned Europe must not fall too far behind the United States.

TREE NEWS update: The US September ISM manufacturing index and August construction spending data are scheduled for release at 22:00 Beijing time. Both figures are closely watched for signals on US factory activity and construction outlays.

TREE NEWS reports: The final reading of the S&P Global US manufacturing PMI for September came in at 55.9, below the 57 expected and down from the prior 57 reading. The print marks a slowdown in the pace of US manufacturing expansion for the month.

TREE NEWS reports: US companies announced 43,281 job cuts in September, the lowest September total since 2022 and down nearly 20% year over year, Gray & Christmas Inc. Year-to-date planned cuts are down almost 40% from the same period in 2025. Hiring plans also stayed weak, with 90,787 planned additions, the lowest September figure since 2011.

TREE NEWS reports: HSBC on Thursday lowered its gold price forecasts, citing expectations of further US interest rate hikes and rising oil prices that could pressure the metal in the near term. The bank now expects gold to average $4,490 an ounce in 2026, down from $4,560, and cut its 2027 average forecast to $4,825 from $4,925. HSBC economists expect the Federal Reserve to raise rates again in December.

TREE NEWS reports: The North America Tech Software Index ETF rose more than 1.1% and held near its daily high of $108.28. The fund fell 3.18% over September, ending two straight monthly gains of 4.39% and 16.28%.

TREE NEWS reports: Highly liquid and settling around the clock, stablecoins can exit banks and countries at lightning speed. Whether that mobility represents a risk or an opportunity depends on the perspective of the observer, the analysis said. No specific figures, institutions or jurisdictions were cited.