Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Gold Prices Steady as Markets Await U.S. Jobs Data 
Bank of America Sees EUR/USD at 1.15 by Year-End 
IMF Says Global Bond Markets Remain Orderly Despite Yield Surge 
Wall Street Edges Higher as Treasury Yields Retreat 
Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears 
Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data 
Dollar Hits Three-Month High as US Treasury Yields Surge 
G20 Divided Over US Push to Curb Industrial Overcapacity 
Oil Prices Steady as Middle East Crude Flows Recover 
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According to data released today, inflation has picked up a further pace in January according to preliminary readings from different regions in Germany. German region of Saxony reported inflation of 2.3 percent, while inflation in Bavaria and Brandenburg remain unchanged at 1.7 percent. Inflation in Hesse rose to 2.4 percent in January from 1.9 percent in December. The country level reading will be published at 13:00 GMT, today. As of now, the policymakers at the European Central Bank (ECB) not convinced that the recent rise would be sustainable.
Nevertheless, the rise in inflation globally and the election of Donald Trump have prompted investors to reduce their exposures to the fixed income, pushing yields higher. The negative rates universe (bonds trading at negative yields) shrank by almost $4 trillion in past four months and currently at $9.6 trillion. Largely, the Japanese and the Eurozone sovereign bonds make up the most of these negative yielding instruments. According to the data from Tradeweb, $514 million worth of Euro-denominated corporate bonds are trading at a negative yield, down more than $400 million from September last year.
