Nadine Okonkwo
Global Macro Correspondent
Nadine Okonkwo covers the global economy and international markets for Yield Update. She writes about currencies, government bond markets and the shifting fortunes of the world's major economies.
Stories
Japan's GDP and China's October Data Open the Week Before Monday's Empire State Survey and Warsh Remarks
Japan's preliminary third-quarter GDP arrives at 6:50 p.m. Eastern on Sunday, followed by China's October activity figures at 9 p.m. In New York on Monday, the Empire State survey, earnings from Baidu and Tyson Foods, and remarks from Fed Chair Kevin Warsh are on the calendar.
Dollar Posts Its Best Week in Two Months; Yen Nears 160 and Bitcoin Falls Below $70,000
The dollar index ended Friday near a 19-month high, and the euro slipped to $1.103. Bitcoin fell below $70,000 for the first time since August.
Asian Stocks Close Mixed and Dollar Tops 160 Yen After Nvidia Chief's Exit
Tokyo's Nikkei 225 rose 0.5 percent on Friday while Hong Kong's Hang Seng fell 1.6 percent, AFP reported. The dollar rose above 160 yen for the first time since the start of September, renewing talk that Japan could step in.
Asian Stocks Fall as Taiwan Drops 2.63 Percent; UK Economy Grows 0.7 Percent
Most Asian markets fell on Thursday, and shares tied to Nvidia dropped in Tokyo. Britain's economy grew 0.7 percent in the third quarter, the Office for National Statistics said.
Asian Stocks Rise for a Third Day, Led by Taiwan and Korea, as Japanese and Australian Bond Yields Climb
MSCI's broadest index of Asia-Pacific shares rose 1.5 percent on Wednesday, led by Taiwan and South Korea, while Japan's 10-year yield rose 10 basis points to 2.793 percent. The dollar index firmed to 102.45.
S&P 500 Has Best Day Since April After Oil Drops; Asia Extends Rally Before CPI
The S&P 500 rose 2.35 percent on Monday, its biggest gain since April 8, and MSCI's world index added 2.16 percent. Japan and South Korea rallied again on Tuesday, while U.S. futures were mixed ahead of October inflation data.
Paraguay's Ueno Bank Collapse Topples a President, and a Judge Orders Peña Held
Former President Santiago Peña was ordered into pretrial detention Saturday over his ties to the failed digital lender. The central bank says it has paid the equivalent of $160 million to nearly 1.2 million savers.
Bank of England Raises Bank Rate to 4%, Its First Increase in More Than Three Years
The Monetary Policy Committee voted 8–1 for a quarter-point increase, with one member preferring half a point. It cited energy prices from the Middle East conflict. The Fed's range is 3.75 to 4 percent.
Monday's Curve: 4.59% at Two Years, 4.91% at Ten
On November 2 the ten-year par yield was 4.91 percent and the two-year was 4.59 percent. The gap is 0.32 percentage points.
The 10-Year Yield Opens the Week at 5%
Monday's par yield was 5.00 percent, the same print as Friday. The two-year was 4.68 percent.
Two Yields, One Day: 4.80% and 5.24%
The two-year and ten-year par yields on October 9, 2026, and the gap between them.
Two Yields, One Day: 4.63% and 4.96%
The two-year and ten-year par yields on September 11, 2026, and the gap between them.
Two Yields, One Day: 4.17% and 4.68%
The two-year and ten-year par yields on August 14, 2026, and the gap between them.
Two Yields, One Day: 4.17% and 4.55%
The two-year and ten-year par yields on June 5, 2026, and the gap between them.
- MarketsExplainer
A Rule for Other People's Money
Foreign rates and foreign headlines are easy to conscript. They still need their own documents.
Two Yields, One Day: 3.90% and 4.38%
The two-year and ten-year par yields on May 8, 2026, and the gap between them.
Two Yields, One Day: 3.73% and 4.28%
The two-year and ten-year par yields on March 13, 2026, and the gap between them.
Two Yields, One Day: 3.40% and 4.04%
The two-year and ten-year par yields on February 13, 2026, and the gap between them.
Two Yields, One Day: 3.59% and 4.24%
The two-year and ten-year par yields on January 16, 2026, and the gap between them.
Two Yields, One Day: 3.48% and 4.16%
The two-year and ten-year par yields on December 19, 2025, and the gap between them.
Two Yields, One Day: 3.51% and 4.06%
The two-year and ten-year par yields on November 21, 2025, and the gap between them.
- MarketsExplainer
A Flat Curve Is a Description
When the ten-year yield sits near the two-year, you have a fact about two prices. You do not yet have a recession.
Two Yields, One Day: 3.63% and 4.20%
The two-year and ten-year par yields on September 26, 2025, and the gap between them.
Two Yields, One Day: 3.59% and 4.23%
The two-year and ten-year par yields on August 29, 2025, and the gap between them.
- MarketsAnalysis
One Country Is Not the Cycle
A U.S. policy rate is a domestic decision with foreign echoes. The echoes are not automatic.
Two Yields, One Day: 3.73% and 4.29%
The two-year Treasury par yield was 3.73 percent on June 27, 2025, and the ten-year was 4.29 percent, a gap of 0.56 percentage points.
Two Yields, One Day: 3.89% and 4.41%
The two-year Treasury par yield was 3.89 percent on May 30, 2025, and the ten-year was 4.41 percent, a gap of 0.52 percentage points.
Two Yields, One Day: 3.83% and 4.33%
The two-year Treasury par yield was 3.83 percent on May 2, 2025, and the ten-year was 4.33 percent, a gap of 0.50 percentage points.
Two Yields, One Day: 3.89% and 4.27%
The two-year Treasury par yield was 3.89 percent on March 28, 2025, and the ten-year was 4.27 percent, a gap of 0.38 percentage points.
Two Yields, One Day: 3.99% and 4.24%
The two-year Treasury par yield was 3.99 percent on February 28, 2025, and the ten-year was 4.24 percent, a gap of 0.25 percentage points.
Two Yields, One Day: 4.28% and 4.60%
The two-year Treasury par yield was 4.28 percent on January 3, 2025, and the ten-year was 4.60 percent, a gap of 0.32 percentage points.
Two Yields, One Day: 4.10% and 4.15%
The two-year Treasury par yield was 4.10 percent on December 6, 2024, and the ten-year was 4.15 percent, a gap of 0.05 percentage points.