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Bond Market & Interest Rate News

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Yesterday
Bonds & Interest Rates

Sweden’s Riksbank Raises Policy Rate to 2% as Energy Inflation Risks Persist

Sweden’s Riksbank raised its policy rate by 25 basis points to 2.00% on 4 November 2026, its first increase in more than three years, according to same-day Wall Street Journal reporting. The move was widely anticipated and follows the central bank’s September decision to hold at 1.75%. Policymakers indicated additional tightening may follow if inflation and economic activity develop as projected. The Riksbank’s published schedule says the new policy rate takes effect on 11 November. War-related energy costs and resilient domestic activity remain important considerations. This is a confirmed decision reported by an established news outlet, but the November decision text on the Riksbank website could not be independently retrieved in this check.

Bonds & Interest Rates

US Job Openings Hold Near 7.5 Million as Quits Increase in September

The US Bureau of Labor Statistics reported on 3 November 2026 that job openings were little changed at approximately 7.5 million in September. Hires were little changed at 5.4 million and total separations at 5.3 million. Quits increased to about 3.4 million, while layoffs and discharges were broadly unchanged at 1.6 million. The US Bureau of Labor Statistics report quotes a rounded 7.52 million reading against a 7.15 million forecast; this summary uses the official BLS rounded release figures.

November 3
Bonds & Interest Rates

China Raises Banks' FX Reserve Ratio to 6% to Moderate Yuan Rally

The People's Bank of China announced on 3 November 2026 that it will raise the foreign-exchange deposit reserve requirement for financial institutions from 4% to 6% with effect from 15 November. Reuters estimated that the adjustment could withdraw around $24 billion in foreign-currency liquidity from the banking system. The measure follows a more than 5% rise in the yuan this year. Reuters reported that the onshore yuan weakened by as much as 0.37% against the US dollar after the announcement. This foreign-exchange reserve requirement change is separate from the PBOC's earlier equity-support swap facility and short-term repo operations.

Bonds & Interest Rates

ECB Official Flags AI Valuations and Sovereign Bonds as Financial Stability Risks

European Central Bank Vice-President Boris Vujcic identified elevated AI equity valuations, government-bond market stress and potential losses at investment funds and other non-bank financial institutions as leading risks to financial stability, according to Reuters reporting on 2 November 2026. He noted that the ECB's forthcoming Financial Stability Review, scheduled for 18 November, was prepared as AI stocks began to correct. Vujcic said fiscal weaknesses should primarily be addressed by governments rather than relying on central-bank intervention. These are official risk assessments, not a newly announced ECB interest-rate decision or emergency market intervention.

Bonds & Interest Rates

Oracle Plans $20 Billion Stock and Bond Financing for AI Build-Out

Oracle announced plans on 2 November 2026 to raise approximately $20 billion to finance its AI and cloud infrastructure expansion, with about $10 billion from an equity offering and $10 billion from bonds. Reuters reported that the company priced 86.2 million shares at $116 each, around an 11.2% discount to its previous close, and that its shares fell 8.8% during the session. The proceeds may be used for capital expenditure and other general corporate purposes. The financing announcement is a confirmed corporate transaction, while future spending outcomes remain uncertain.

Bonds & Interest Rates

RBA Raises Cash Rate to 4.85% in Split 6–3 Vote as Inflation Persists

The Reserve Bank of Australia increased its cash-rate target by 25 basis points to 4.85% at its 3 November 2026 meeting, up from 4.60%. Six Monetary Policy Board members supported an increase and three favoured no change. The rate is its highest since 2008 and marks a fifth increase in 2026. The RBA said inflation remains too high, with elevated fuel prices and domestic cost pressures complicating the return to its target range. The rate decision is confirmed; further increases remain conditional rather than announced.

October 31
Bonds & Interest Rates

Fed Officials Push for More Rate Hikes as Logan Calls for Two Increases

Dallas Federal Reserve President Lorie Logan said on 30 October 2026 that the US central bank needs at least two further 25-basis-point interest-rate increases to bring inflation back towards its 2% target. St Louis Fed President Alberto Musalem separately said additional tightening would be necessary soon, while Richmond Fed President Tom Barkin also supported further increases. The comments followed the Fed’s 28 October decision to leave its benchmark range at 3.75%–4.00%. These remarks are individual policymakers’ assessments, not an announced FOMC decision to raise rates.

October 30
Bonds & Interest Rates

Spain Inflation Holds at 4.9% in October as Core Rate Stays at 3.1%

Spain’s National Statistics Institute (INE) said in its flash estimate released on 30 October 2026 that consumer prices rose 4.9% year on year in October, unchanged from September. Estimated core inflation, excluding unprocessed food and energy, was 3.1%. The harmonised CPI rate was also 4.9%, while monthly harmonised prices increased 0.5%. INE said lower motor-fuel inflation and slower increases in food and clothing offset upward contributions from package holidays, gas and liquid fuels. All figures are preliminary and subject to confirmation in the final release.

Bonds & Interest Rates

German Unemployment Rises by 4,000 in October as Jobless Rate Holds at 6.4%

Germany's seasonally adjusted unemployment count rose by 4,000 to 3.016 million in October 2026, less than economists' forecast of a 5,000 increase, according to Federal Employment Agency figures reported by Reuters on 30 October. The seasonally adjusted unemployment rate was unchanged at 6.4%. In unadjusted terms, unemployment fell by 40,000 from September to 2.955 million. Labour office chief Andrea Nahles said the economy remained too weak to substantially improve employment prospects. Registered vacancies numbered 654,000, up 31,000 from a year earlier.

Bonds & Interest Rates

Bank of Japan Holds Rate at 1.25% in 8–1 Vote, Raises Inflation Outlook

The Bank of Japan left its short-term interest-rate target at around 1.25% on 30 October 2026 in an 8–1 decision, with board member Hajime Takata dissenting, according to the central bank’s monetary-policy release and Reuters reporting. The BoJ also upgraded its inflation assessment, saying underlying inflation was around its 2% target. The rate decision is distinct from its separately announced acceleration of ETF sales. The bank did not announce a December rate increase.

Bonds & Interest Rates

Bank of Japan Accelerates ETF Sales to ¥860 Billion a Year

The Bank of Japan said on 30 October 2026 that it would increase the planned sale pace of exchange-traded fund holdings to about ¥860 billion per year on a book-value basis, equivalent to around 0.1% of market trading value. At the revised pace, disposal of its ETF portfolio is estimated to take about 43 years rather than 112 years. The change is scheduled to take effect in January 2027. The decision is separate from the bank’s interest-rate announcement.

Bonds & Interest Rates

Pentagon Urges NATO Allies to Moderate Russia Rhetoric, Sources Say

Pentagon officials have privately urged several NATO governments, including Lithuania, Latvia and Estonia, to moderate public language about the Russian threat, Reuters reported on 30 October, citing four people familiar with the discussions. The outreach comes while Washington pursues negotiations over the war in Ukraine and reviews US military commitments in Europe. The Pentagon declined to comment on the alleged private exchanges, and NATO did not comment. The claims remain attributed to Reuters' sources rather than a formally announced US policy change.

Bonds & Interest Rates

US September PCE Inflation Reaches 3.6% as Core Rate Holds at 3.1%

The US Bureau of Economic Analysis reported on 29 October 2026 that the September personal consumption expenditures price index rose 0.5% month on month and 3.6% from a year earlier. The core PCE measure, excluding food and energy, rose 0.3% on the month and 3.1% over twelve months. Personal income increased 0.2% and current-dollar consumer spending rose 0.5%, while real spending was little changed. These are September data released on 29 October, not new October inflation results.

October 29
Bonds & Interest Rates

Federal Reserve Holds Rates at 3.75%–4.00% as Two Officials Seek a Hike

The Federal Open Market Committee left its target range unchanged at 3.75%–4.00% on 28 October 2026 by a 10–2 vote. Reuters reported that policymakers described economic growth as strong, while inflation remained elevated. Lisa Cook and Beth Hammack dissented in favour of a 25-basis-point increase. The decision and accompanying remarks left markets reassessing the likelihood of a December rate rise.

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