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The yield on Japans 40-year government bonds fell 12 basis points to 3.6%.According to Interfax news agency: The Russian delegation to the Ukraine negotiations has arrived in Geneva.February 17th - According to foreign media reports, Japans finance ministry forecasts that annual bond issuance may increase by 28% over the next three years due to rising debt financing costs. This result casts doubt on Prime Minister Sanae Takaichis claim that Japan can achieve tax cuts without increasing debt. It is estimated that in the fiscal year beginning April 2029, Japan will need to issue up to 38 trillion yen (approximately US$248.32 billion) in bonds to fill the gap caused by spending exceeding tax revenue, an amount higher than the 29.6 trillion yen in fiscal year 2026. While tax revenue is expected to continue to grow, this revenue will still be insufficient to cover increasing expenditures. Rapidly aging populations and rising long-term interest rates will drive up social welfare and debt repayment costs. Debt servicing costs for fiscal year 2029 are projected to reach 40.3 trillion yen, higher than the 31.3 trillion yen in fiscal year 2026, accounting for approximately 30% of total spending, highlighting the pressure that rising bond yields are putting on Japans finances.Market news: Japans Ministry of Finance predicts that, due to rising debt issuance costs, Japans bond issuance in fiscal year 2029 may reach 38 trillion yen, a 28% increase compared to fiscal year 2026.On February 17th, Ukrainian President Volodymyr Zelenskyy posted on social media on the evening of the 16th that Russia was preparing a new large-scale attack on Ukrainian energy facilities. He stated that the more Russia acts, the more difficult it becomes to reach an agreement with it. Zelenskyy indicated that intelligence showed Russia was preparing for further large-scale strikes against Ukrainian energy facilities, therefore ensuring the deployment of air defense systems was crucial. He also stated that Russias attack methods were constantly "evolving," and Ukraine needed to take special defensive measures against such attacks and obtain the support of partner countries. Zelenskyy said that Ukraines previous demands in Munich, Germany, should be implemented as soon as possible. Any interference with or delay in the supply of air defense missiles would exacerbate the losses. He also urged partner countries to take action to force Russia to lay down its arms.

S&P 500 Price Forecast – 3700 Continues to Hold as Support

Skylar Shaw

Jun 23, 2022 14:55

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After initially tumbling into the 3700 support level throughout the trading day, the S&P 500 has made a big rebound. 

S&P 500 Technical Analysis

After first dropping below the 3700 level during the trading session on Wednesday, the S&P 500 has seen a wild journey. Since the 3700 level has been significant for a few weeks, it is probable that sellers will now make it their goal. 3600 and 3500 are the next targets if we can drop below the most recent low. What we are currently witnessing is a small-scale bear market rebound, which does make some sense given the extreme selling pressure that we had previously witnessed.


If we do move higher from here, 4000 should be a resistance level that will be difficult to surpass unless there is a fundamental shift in the news. In the end, I believe we have a position where breaking down makes more sense, but we could be in for a setup where we "fade the rallies." Since there is nothing positive in the economic pipeline right now and many earnings predictions will need to be revised at this point, I do not enjoy investing in the stock market right now. A brief recovery rally does, however, make a lot of sense because markets do not continuously decline.


I see this as a chance to go short once more, but if we were to breach the 4200 level, you would need to be persuaded that the true brand has changed. I'm not currently concerned about the move because it costs 400 points. In the end, a recession is inevitable, and the market is now beginning to reflect that.

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