Market Information Tuesday 2 December 2025

Global bonds sold off after comments from Bank of Japan governor Kazuo Ueda suggested an imminent rate rise. Japan’s two-year yield climbed above 1% for the first time since 2008 and the 10-year yield reached about 1.87%. US 10-year Treasuries rose to 4.09% and German Bunds to roughly 2.75%.

Gold prices edged lower after touching a six-week high, as higher United States 10-year Treasury yields and profit taking reduced demand for non-yielding bullion. Spot gold slipped about 0.4% to roughly 4,216 dollars per ounce and US futures fell around 0.7% to 4,247 dollars. Investors are now focused on upcoming US employment data and the delayed core Personal Consumption Expenditures inflation index to refine expectations for Federal Reserve rate cuts.

South Korea’s CPI rose 2.4% year-on-year in November, slightly above market expectations and remaining above the Bank of Korea’s 2% target for a third month. Prices for agricultural and fishery products jumped 5.6%, driven by sharp increases in staples such as rice and mandarins. On a monthly basis CPI fell 0.2%. The figures strengthen the case for the Bank of Korea to keep its policy rate on hold at 2.50% for longer.

The 6M Euribor decreased with 1 basis point to 2.11% compared to previous business day. The 10Y Swap increased with 5 basis points to 2.80% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.