UK Faces Highest 10-Year Borrowing Costs Since 1999 as Budget Risks Loom

http://wealthcreation.clubLeave a comment
‼️ 🇬🇧 The UK is poised to pay its highest 10-year borrowing cost since 1999 as investors demand greater compensation for persistent inflation and potential spending increases ahead of next month’s budget. The Debt Management Office will auction up to £4.25 billion of 4.875% bonds due July 2036 on Tuesday, after the same issue yielded an average 5.16% last month—the highest level in almost two decades.

Novo Nordisk Turns to China in $2.6 Billion Obesity-Drug Pipeline Bet

http://wealthcreation.clubLeave a comment
‼️ 🇩🇰 Novo Nordisk will pay up to $2.6 billion to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals, strengthening its early-stage pipeline as it looks beyond Ozempic and Wegovy. The deal includes a $300 million upfront payment for rights to develop, manufacture and market the drug worldwide excluding mainland China, Hong Kong, Macau and Taiwan, while Hengrui could receive additional milestone payments and sales-based royalties.

RBA Hits a 15-Year Rate High as Sticky Inflation Forces a Fourth Hike

http://wealthcreation.clubLeave a comment
‼️ BREAKING: Australia’s central bank lifted its benchmark rate by 25 basis points to 4.60%, a 15-year high, as it intensifies its fight against sticky inflation. The move—widely expected—marks the RBA’s fourth hike this year, taking cumulative tightening to 100 basis points. Inflation remains above the RBA’s 2%–3% target band: headline CPI was 3.5% in July after reaching 4.6% in March. Markets now turn to Wednesday’s August inflation release for clues on whether further tightening will be needed.

Japan’s 40-Year Bond Auction Roars Back—But the Yen Repatriation Trade Still Hasn’t Arrived

http://wealthcreation.clubLeave a comment

‼️ 🇯🇵 Japan’s 40-Year JGB Auction Just Sent a Message: Higher Yields Are Finally Creating Buyers—But Not Yet a Yen Repatriation Trade

Read More: https://bit.ly/JGBsStrongDemand

#Japan #JGBs #BankOfJapan #BOJ #FixedIncome #BondMarkets #InterestRates #Yen #FX #MacroStrategy #InstitutionalInvesting #GlobalMarkets #Duration #RatesStrategy #AlphaBinwaniCapital

Gold Slides 7% as Fed’s Inflation Fight Rekindles Rate-Hike Fears

http://wealthcreation.clubLeave a comment
‼️Gold has fallen about 7% in September after hitting $4,510 an ounce early in the month, pressured by the Fed’s first rate hike since 2023 to curb sticky US inflation and signals of further tightening. Elevated energy prices have reinforced those concerns, with markets pricing roughly a 70% chance of another hike in October, while Fed Governor Lisa Cook warned that AI-driven productivity gains may not offset near-term inflation pressures.