South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
The U.S. Treasury yields continued upswing during Monday’s afternoon session ahead of few notable releases this week, with the main focus on the Federal Open Market Committee’s (FOMC) end-July monetary policy meeting minutes, scheduled to be released on August 21 by 18:00GMT.
The yield on the benchmark 10-year Treasury yield jumped 7 basis points to 1.610 percent, the super-long 30-year bond yields surged 10-1/2 basis points to 2.107 percent and the yield on the short-term 2-year traded nearly 4-1/2 basis points higher at 1.521 percent by 13:10GMT.
There are several events of note this week, with focus on Wednesday on the FOMC minutes from the end-July meeting, when the Fed cut its FFR target rate by 25bps to 2.00-2.25 percent but offered a less dovish policy statement than had been expected. But the Fed’s Jackson Hole Symposium – focussing on ‘The challenges for monetary policy’ – kicking off Thursday evening, with Chair Powell giving a keynote speech on Friday, will also be watched closely for any further up-to-date insights into policy-makers’ thinking of the growing concerns about the global economic outlook, heightened geopolitical risks and recent moves in global financial markets, Daiwa Capital Markets reported.
Data-wise, following a quiet start to the week, Wednesday will bring existing home sales figures for July, while new home sales data will be published on Friday. Meanwhile, Thursday will see the weekly jobless claims numbers released alongside the flash Markit PMIs and Kansas Fed activity index for August and the Conference Board’s leading indices for July. In the markets, the US Treasury will sell 30Y TIPS on Thursday, the report added.
Meanwhile, the S&P 500 Futures traded 1.07 percent higher at 2,922.12 by 13:15GMT.
