Japan Verbal Intervention Is Not Working (We Are Not Surprised)

🇯🇵 🇯🇵 Japan’s Matsuno says watching forex movements with high sense of urgency

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German Yields On MBS Surge

🇩🇪 🇩🇪 German 10y mortgage backed security yields (Pfandbrief) rose to 3.47%, highest since 2011. Consumers must pay a 50bps premium on the interest rate of the mortgage bond yields

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UK PMI Climbs

🇬🇧 🇬🇧 UK Manufacturing PMI increased to 44.20 points in September from 43 points in August of 2023

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Investors Dump Equities (We Will Get Greedy)

🚨 🚨 Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession, Bank of America Corp. strategists say

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South Korea Leads The Way To China Talks

🇰🇷 🇨🇳 🇯🇵 South Korea’s ambassador to Japan said “high-level” talks are underway for a three-nation summit with China poised to happen this year, and it wouldn’t affect ties with the US

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Chinese Buyers Flock To iPhone

📲 📲 Chinese customers flocked to Apple stores to buy the latest iPhone 15 despite government restrictions and local competition, an encouraging sign for the world’s most valuable company in its largest overseas market

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Foreign Investors Get Out Of Colombian Bonds

🇨🇴 🇨🇴 Foreign investors are cutting their exposure to Colombia’s bond market as the peso stages the world’s biggest currency rally

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Snap Is Back With Bang

🚨 🚨 Snap Inc. (SNAP) has gained more than 5 million subscribers for its paid service, an offering that gives users early access to new features like an AI-generated selfie maker for $3.99 a month

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We Love Fear Like This

🚨 🚨 A bad week on Wall Street turned dismal Thursday after the relentless surge in Treasury yields sapped demand for risk assets. In the end, US stocks suffered the biggest drop in six months as investors recalibrate for a world where rates sit at levels not seen in a generation

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Cainiao Plans IPO Debut

🇨🇳 🇨🇳 Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd. (BABA), is planning to file for its Hong Kong initial public offering as soon as next week, potentially making it among the first of the Chinese tech firm’s units to go public

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