The People’s Bank of China lifted its holdings to 78.3 million troy ounces and has stepped up purchases as the metal slumped, official data show.
The agency lifted Cyprus one notch with a stable outlook while flagging a current account deficit it expects to average 8.1% of GDP, and affirmed Greece with a stable outlook.
Strategists expect the Treasury to reach its borrowing limit early next year, and the Democratic sweep has made the ceiling a central fight for the lame-duck Congress and the next one.
The AI stock rout is spreading into the debt markets that finance data centers, with SoftBank leading Asian bond losses and ING seeking buyers for data center loans.
Precious metals extended a post-election rally, with silver near $53, before higher oil prices revived inflation worries ahead of the US payrolls report.
The loan is meant to tame prices driven up by Middle East disruption from the Iran war, while New Jersey threatens penalties for unloading Russian diesel.
The US is about $800 billion short of its $41.1 trillion borrowing limit, and the new congressional majorities give Democrats a pressure point.
Official buying ran at its fastest pace since 2024 and most of it was undisclosed, while bar and coin demand fell with prices well below their record.
Seven core members held quotas steady at an online meeting on Sunday as the US-Iran war and disrupted flows through the Strait of Hormuz cloud the outlook.
The metal slid 3.6% in its worst session in weeks, breaking the $3,886 floor, while analysts pointed to central bank buying as the main support.
Bondholders are gaining the upper hand in financing the AI build-out, with CoreWeave’s 2031 high-yield bond yielding 14.26% even as the biggest tech companies keep borrowing at record pace.
The agency warned that France’s debt ratio could reach 124% by 2028, a week after Moody’s left its own rating unchanged.
The gap between government spending and receipts rose about 25% from a year earlier in April to September.
Surging borrowing pushed the debt ratio to a post-war high at the end of the fiscal year, days before midterm elections that could set up a fight over the debt ceiling.
Sources say the two governments are negotiating relief from Section 232 tariffs, and Carney says the US is coming closer to Canada’s position, but Ottawa still reports limited progress.
Lenders are struggling to place a flood of AI-related debt, even as some investors see elevated spending as a sign of strong demand.
The rating agency said demand for AI infrastructure financing is expanding private credit’s reach, as stress in CoreWeave’s debt sharpens investor concern.
Moody’s left France’s rating unchanged with a negative outlook, easing pressure on French debt even as protests and a bond selloff weigh on households.
Bullion eased ahead of Wednesday’s Federal Reserve decision, while central-bank buying and Chinese household demand offered support near the round-number level.
Junk-bond spreads have widened and issuers have pulled the most deals of the year, while SoftBank’s $11 billion high-yield sale at up to 9.75% shows the price of funding AI spending.
The agency held France at Aa3 on Friday, a surprise reprieve for a government facing violent protests and rising borrowing costs.
A relaunched preparedness campaign cites hostile states, terrorists, cyber attacks and severe weather as threats to supplies.
A rush into government bonds on 22 October pulled the 10-year US yield under 5% while technology shares fell on doubts about the returns from AI spending.
The auction priced at 5.469%, up from 5.420% a month earlier, and tailed by 0.9 basis points, though accounts of investor appetite differed.
A deficit of £97.8 billion over the first half of the fiscal year and rising debt interest narrow the chancellor’s room for manoeuvre.
Chief Economist Philip Lane argued that backstops in euros for foreign central banks could support sovereign bond markets and help the ECB hit its inflation target.
Paris expects to spend more than 90 billion euros on debt interest next year, and the US Treasury secretary says he sees no spillover.
The Financial Times reports that a proposed military spending increase is at risk as bipartisan support for a larger budget frays two weeks before the vote.
The rating agency says circular financing between chipmakers, neoclouds and hyperscalers leaves obligations it cannot yet size, as AI bond prices slip.
The company’s cost of debt has moved with the whole asset class, and PIMCO puts hyperscaler capital spending at 93% to 94% of operating cash flow.
Default protection on the AI cloud company’s debt priced at distressed levels, and bondholders of larger AI borrowers took losses too.
The United States has solicited an exchange of up to 17 million barrels of crude from its strategic reserve while diesel and heating bills climb.
Two hotter-than-expected inflation reports did not stop the market pricing an October hold, and the dollar had its worst week in a month.
A multi-day selloff in semiconductors and AI infrastructure names eased as investors rotated out of technology and bought the dip.
The ten-year note yield slipped to 5.075% as traders pushed their expectations for the next Federal Reserve rate rise out to December.
Financiers are saying publicly that the debt funding data centres and chips looks disconnected from what customers are paying, and CoreWeave’s shares fell again on Friday.
A United Nations agency says the strait’s disruption is adding costs through the food supply chain, on top of Black Sea wheat problems.
The ratings firm found that US private credit borrowers are using delayed interest payments and maturity extensions to avoid default, which flatters the sector’s reported default statistics.
Bonds issued by the AI cloud provider sold off sharply, pushing yields toward 15% and drawing attention to how much of the data-centre build-out is being financed with borrowed money.
Energy Secretary Chris Wright invoked the Federal Power Act to let the mid-Atlantic grid operator run additional generation, citing blackout risk during unusual autumn heat.
The fund’s managing director told reporters at the annual meetings that growth without deficit reduction will not stabilise US debt.
Semiconductors sold off hard while a monthly survey put AI capex at the top of investors’ credit worries.
The fund’s financial stability report puts the sharpest losses from an AI repricing in the United States.
Mortgage investors adjusting to a steeper curve are adding pressure to a Treasury market already carrying $40 trillion of federal debt.
Ministers meeting in Riyadh put freight and war-risk cover at the centre of the delivered cost of oil.
Reuters has gold retreating as markets wait for key US inflation data, while other accounts of the same session had it steady, edging up or rallying, and the structural bid from central banks and exchange-traded funds is the one thing they agree on.
A Bloomberg column says Masayoshi Son’s second hundred-billion-dollar vehicle strengthens Ray Dalio’s warning, and the BIS has put a revenue test to the companies building the data centres.
The IMF’s managing director has put rich-country borrowing costs at the centre of this year’s annual meetings, and the US Treasury secretary is not attending.
A Bundesbank official says the risk of a European debt crisis has risen sharply, while Paul Krugman says France may have crossed from too big to fail to too big to save.
The Reserve Bank of India will sell dollars directly to three state oil marketing companies from 12 October and has tightened the rules on forex derivatives.
Firmus cancelled its initial public offering on the same day default swaps on hyperscalers and chipmakers reached record levels.
Pimco and several market commentators say the benchmark yield may reach a level last seen in 2000, and they disagree about what would break if it got there quickly.
The long-bond auction cleared slightly above the level indicated beforehand, and accounts of what happened to yields afterwards diverge.
The investor says the hyperscalers are spending for oligopoly status, and calls the market’s phase denial.
Bullion fell about 1 percent while China’s central bank extended its buying streak to a 23rd month.
Bloomberg reports Moscow raised military spending after Putin concluded the Alaska talks would not produce an acceptable deal.
The global bond selloff resumed on Wednesday and carried US long yields to levels last seen in 2002, until a well-bid ten-year auction cooled it.
Beijing stepped up bullion purchases as prices fell and its foreign exchange reserves shrank.
The Bridgewater founder said interest costs are crowding out other spending and that China and Japan may pull back from US Treasuries, days after the Treasury secretary told investors the debt path would soon improve.
Seven core producers agreed at a virtual meeting on Sunday to leave November production unchanged, leaving about 2 million barrels a day of cuts in place while Gulf supply is disrupted.
US bond yields fell back from their highest levels since 2002 after crude dropped under $100 a barrel and Treasury Secretary Scott Bessent restated his pledges on the debt.
A global bond selloff has pushed long-dated US yields to their highest level in about twenty years, and equities have so far looked through it.
At the LBMA conference, reserve managers argued the case for diversifying into gold survives a 10-year Treasury yield holding above 5 per cent.
The group left quotas where they are at a virtual meeting on Sunday, with the Iran war already restricting barrels.
The long end is repricing fast enough that Washington’s unconventional options are being discussed as live choices.
Seven producers agreed at an online meeting on Sunday to hold quotas steady for a second month while the war with Iran keeps barrels off the market.
The rating agency kept a stable outlook but said surging interest costs leave the fiscal path increasingly exposed to the bond market.
The agency held its rating with a stable outlook while flagging surging interest costs and another debt-limit fight after the midterms.
Treasury, European and Japanese government bond yields all climbed, and the US 30-year mortgage rate posted its largest weekly rise in four years.
A new bulletin maps a financing loop in which suppliers often bankroll their own customers.
Long-dated yields reached their highest levels since before the global financial crisis as investors repriced sovereign debt loads.
US long-term yields reached levels last seen in 2002 before snapping back, and the average 30-year mortgage rate climbed to 7.28 per cent.
US long rates reached a twenty-four-year peak, UK gilts their worst level since 1998, and Treasuries have just closed their worst quarter since 1994.
Relentless selling pushed the 10-year US Treasury note above 5.3% and dragged UK, French, Japanese and Australian government yields to multi-decade highs.
The benchmark US yield reached its highest level since before the financial crisis, and the selling has spread to Europe.
Delegates say the group will leave crude production targets unchanged when seven core members meet online this weekend.
The US long bond cleared 5.6% for the first time in more than two decades as the whole curve repriced.
The 30-year yield reached its highest since 2002 while precious metals fell, breaking the usual pattern in which gold rallies alongside inflation worries.
US and European sovereign yields extended their slide in price as faltering Iran diplomacy revived higher-for-longer oil expectations, dragging junk bonds toward their worst month since 2022.
The financing for the Warner Bros. takeover is expected to be the largest corporate high-yield bond sale ever attempted.
The benchmark 10-year yield sits at a 19-year high and the spread to short rates has narrowed toward inversion.
A bond sell-off has pushed long yields to levels last seen two decades ago, and budget forecasters have modelled what higher rates would do to the debt path.
The 30-year bond has climbed above 5.5% and most risk-free rates now sit north of 5%, with the long end moving far more than the policy rate.
PIMCO expects most issuers to absorb higher refinancing costs, but the maturity profile shifts toward high-yield borrowers just as the weakest are already defaulting.
A sitting regional Fed president put artificial-intelligence capital spending into the language the central bank reserves for systemically important institutions.
Livestock associations in Texas, Oklahoma and Kansas report disruption at processors and feedyards and are asking the federal agency for transparency.
The 10-year note touched its highest level since 2007 as the long end of the curve repriced, carrying mortgage costs with it.
Kansas City Fed’s Jeff Schmid said the central bank is trying to work out whether the data-centre boom is creating systemic exposures it would have to stand behind.
One of the most closely watched credits in the high-yield municipal market has gone into bankruptcy protection while its Florida service continues to operate.
Thin demand at the five-year and seven-year sales fed a global selloff that has lifted every point on the US curve toward two-decade highs.
The second-quarter deficit was wider than the previous quarter but narrower than economists had forecast, and outlets split on whether to call it a widening or a narrowing.
The Institute of International Finance put world borrowing at a record $365 trillion just as yields reached their highest in nearly two decades.
Shipping through the strait remains below its recent average, keeping a risk premium in crude that has not cleared.
The Japanese group is marketing one of the largest corporate high-yield deals ever, at yields reported up to 9.875%.
A five-year auction cleared at the highest yield since 2006 as US government bond prices fell across the curve.
The S&P 500 bank index dropped as artificial intelligence disruption fears met a two-year to ten-year spread at its narrowest in more than a year.
The Japanese group is taking orders for one of the largest corporate high-yield deals ever, financing artificial intelligence commitments in the junk market rather than with equity.
The gap between two-year and 10-year yields has hit its narrowest reading of the cycle even as the long end trades at 5 percent.
Government borrowing came in higher than expected in August, with debt interest of 8.8 billion pounds, the highest for the month since records began in 1997.
The most-watched attempt to settle cross-border trade outside the dollar has lost the world’s most important oil exporter.
The Treasury secretary answered a bearish assessment of the US economy by pointing to dollar dominance, economic data and stablecoin adoption.
Agriculture and oil interests are now fighting openly over whether Washington should restrict diesel exports.
Bullion steadied rather than fell after the Federal Reserve tightened, with falling oil and central bank buying cited as the offsets.
Interest on the federal debt hit a record through August, and the debt-to-GDP ratio has returned to 100 per cent for the first time in 80 years.
The kingdom’s central bank has confirmed it ended participation in Beijing’s cross-border digital currency project, the most prominent defection so far.
The bank trimmed its near-term view after the Fed’s rate increase but left the 2027 target intact, attributing nearly all the projected gain to official-sector buying.
The benchmark yield has crossed 5% for the second time in almost 20 years, just as annual interest on the federal debt clears $1.02 trillion.
European refiners lose contracted cargoes while diesel prices run at records and eurozone energy inflation climbs.
Traders left the Fed meeting pricing a higher peak rate than the central bank has committed to.
Container, tanker and fertiliser markets are repricing at the same time as the strait stays largely shut.
Caracas is close to shifting about $4 billion of central bank gold from London to New York, in a year when other central banks have been moving bullion the other way.
Bullion dived immediately after the Fed decision and recovered within the day, leaving two incompatible headlines about the same session.
Short-dated yields rose faster than long ones after the rate decision, and the Treasury and the Fed are publicly at odds over what to do about the long end.
US borrowing costs are at their highest since 2007, and the interest bill on a 40.1 trillion dollar debt compounds with them.
The Dutch central bank has moved a large part of its North American gold out of the United States, and reserve managers elsewhere say the appetite for bullion has not faded.
The canal authority is adding a new vessel limit from October, tightening a third trade chokepoint while Hormuz and the Red Sea are already constrained.
A weak sale of 20-year bonds and a 10-year yield above 5% put the long end, not the Fed, in charge of borrowing costs.
Record pump prices arrive as commercial and strategic stockpiles run low and Washington weighs emergency refining measures.
Pump prices are at record highs for diesel in every state, and the administration is considering a Cold War statute to expand US refining capacity.
The Treasury sold $13 billion of twenty-year bonds at the highest yield on record for the maturity, with foreign bidding described as weak.
The benchmark US yield crossed a threshold it had not seen in years, dragged up by energy prices and a hawkish turn among policymakers.
The benchmark US yield reached a level last seen in 2023, flattening the curve and putting the Treasury’s borrowing costs at the centre of this week’s Fed decision.
Long rates, not the policy rate, are now setting the cost of money for households, companies and the Treasury itself.
The Netherlands and France have moved bullion home or to London, and Spain is weighing the same question.
August’s monthly shortfall narrowed sharply on calendar shifts, but the eleven-month total is flat against last year and interest costs have passed the defense budget.
The bloc’s finance track settled on cross-border payment plumbing rather than a shared unit of account, according to its joint statement.
The Netherlands and France have already shifted bullion out of the United States, and Spain is weighing whether to follow.
Foreign investors took nearly 80% of a $22 billion long-bond sale, complicating the story that overseas buyers are walking away.
August’s shortfall came in far below forecast on timing shifts, leaving the year-to-date gap essentially flat against last year.
Both major crude benchmarks are on track to end the week above $100 a barrel, and the US average diesel price has passed $6 a gallon for the first time.
A weak long-bond auction and an enlarged Treasury buyback failed to halt a selloff that has pushed the benchmark US yield to the edge of 5%.
Bullion sold off on a hot US inflation reading and a European rate rise, even as official-sector demand set records.
Scott Bessent tripled the size of the Treasury’s long-bond buyback and the market answered by sending yields to multi-year highs.
The Dutch central bank has shifted bullion from North American vaults to London and Spain is weighing repatriation, as reserve managers reconsider where their gold sits.
The US Energy Department raised its 2027 diesel forecast by 33 cents as the energy secretary argued lost refining capacity, rather than the crude price, is driving pump costs.
A first-quarter surplus reversed in the three months to June as the Iran war drove up import costs, though outlets disagree on how far back a wider gap sits.
Scott Bessent’s $6 billion repurchase of long-dated debt was meant to cool what he called a market fever, and yields rose instead.
The Treasury secretary says the enlarged repurchase programme is meant to quell a market fever and is not quantitative easing.
China’s central bank added to reserves for a twenty-second straight month while bullion held near $4,400.
The People’s Bank of China kept adding through a rising market, extending a buying streak that has become the structural bid under the gold price.
The People’s Bank of China added 650,000 ounces in August, its largest monthly purchase since 2023, and kept buying through a double-digit price rise.
Saudi Arabia, Russia and five partners kept quotas unchanged for October, pausing the production increases they had been adding.
Federal interest payments have reached $1.25 trillion a year, and the Treasury’s response in the bond market is being described as financial repression.
Seven core OPEC+ members left October quotas unchanged from September levels, the first pause after a run of monthly increases, while Wall Street forecasts for crude diverge sharply.
The Dutch central bank has moved 86 tonnes to London and France has brought its entire official holding home.
Seven core members held targets steady on Sunday as the war around Hormuz, not cartel policy, sets the supply picture.