• On Thursday, the u.s. treasury yields surged as U.S. retail sales grew beyond expectations and first-time jobless claims unexpectedly declined, showing the economy remains resilient. The u.s. 2-year treasury notes yield increased by 3.43 basis points to 3.9719%, while the u.s. 10-year treasury notes yield rose by 7.84 basis points to 4.0906%. European stock markets saw the largest three-week gain, with the European Central Bank cutting interest rates by 25 basis points for the third time this year. German bonds fell as traders increased bets on a larger rate cut by the European Central Bank, the uk 10-year treasury notes yield rose by 2.5 basis points to 4.089%, and the german 10-year treasury notes yield rose by 2.4 basis points to 2.208%.

(Data source: Bloomberg, bond trading platform summary)