The yield on 10-year Japanese government bonds rose to 2.815%.
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Sumitomo Mitsui: 10-year Japanese government bond yield may rise to 3% by the end of the year.
According to Odaily Odaily, Masahiro Ichikawa, a strategist at Sumitomo Mitsui DS Asset Management, said that as the Japanese economy remains on a steady growth trajectory, the yield on 10-year Japanese government bonds could reach 3% by the end of the year. He also predicted that if the government's large-scale investment plan can stimulate increased capital spending in the private sector, the Japanese stock market will have further room to rise. He added, "Regarding fiscal policy, Prime Minister Sanae Takaichi has expressed her intention to ensure market confidence, so the possibility of it becoming undisciplined seems low." The yield on 10-year Japanese government bonds rose 6 basis points to 2.830% at the latest. (Jinshi)
The yield on the 10-year U.S. Treasury note rose to 4.497%.
According to Mars Finance, Gate data shows that the yield on the 10-year U.S. Treasury note rose 1.8 basis points to 4.497%.
The yield on the 10-year U.S. Treasury note rose to 4.53%, a four-week high.
According to ChainCatcher, Gate market data shows that US Treasury yields continued to rise, with the 10-year Treasury yield rising 5.4 basis points to 4.533%, a four-week high.
The South Korean government is considering extending the sovereign AI core GPU guarantee project, with a budget of up to 4 trillion won next year.
According to Odaily Odaily, the South Korean government is considering extending its support project for GPUs, a core resource for AI. On July 7th, industry sources indicated that the Ministry of Science and ICT is investigating the capacity of major South Korean cloud service providers to build additional GPUs, aiming to extend the "AI Computing Resource Utilization Infrastructure Enhancement Project." The core of this project involves government-funded purchases of GPUs, deployment in cloud service provider data centers, and support for industry-academia-research collaboration. Last year, the South Korean government allocated a budget of 1 trillion won, and this year it allocated 2 trillion won, securing over 20,000 GPUs. The project was originally scheduled to end this year, but with the surge in demand for advanced resources such as NVIDIA's next-generation GPU Vera Rubin, the South Korean government is developing comprehensive countermeasures, including data center efficiency optimization and new space security plans. It is reportedly already applying to the Planning and Budget Office for a "limited additional budget" for GPU security. Industry estimates suggest that, considering this year's GPU security budget and the government's intentions, next year's budget could reach a maximum of approximately 4 trillion won. Industry experts say that compared to the GPU supply itself, "equipment installation space" will be the key to the success or failure of the project, because running thousands of high-performance GPUs simultaneously requires a large power supply and advanced cooling systems, and the equipment installation space held by South Korean companies is nearing saturation. (ETNews Electronics)
The New York Fed's 3-year inflation forecast rose to 3.3% in June.
According to Mars Finance, citing Jinshi, the New York Fed's 3-year inflation expectations rose to 3.3% in June, reaching the highest level since 2022.
As oil prices fell, US Treasury yields fluctuated and the dollar strengthened.
According to Odaily data, the US dollar index is currently up 0.2%. The 10-year US Treasury yield is at 4.459%, higher than the closing price of 4.447% last Thursday. The 2-year US Treasury yield fell from 4.130% to 4.108%. As US markets reopened after the holidays, a Middle East peace agreement remained elusive, and last week's labor market data disappointed, US Treasury yields fluctuated, while the dollar rose slightly. Meanwhile, OPEC+ agreed to increase production, causing oil prices to fall. The Federal Reserve meeting minutes will be released on Wednesday, making this week relatively quiet in terms of data.