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Futures Hotspot Tracking
Coking coal leads the decline in the ferrous sector! Coal mine production resumption in major producing regions is accelerating, and Mongolian coal port customs clearance remains at a high level. The most crucial supply story for coking coal bulls is now facing a reality check! Click to read.
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Japanese bond yields rise across the board, with 5-year and 20-year yields hitting record highs.
Golden Ten Data, May 13 – Japan’s 5-year government bond yield rose by 3.0 basis points to a record high of 1.945%. The 20-year government bond yield increased by 5 basis points to 3.495%, also hitting a historical high. The 10-year government bond yield once climbed to 2.590%, the highest level since May 1997.
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Japan's Seiko and NTN Bearings Agree to Merge to Create a World-Class Bearing Manufacturer
Golden Finance, May 13 | According to Japanese media, NSK and NTN Bearings signed a basic agreement on the 12th, planning to complete management integration by October 2027. The merger of these two companies—ranked third and fourth globally among bearing manufacturers—will create a world-leading enterprise. The plan includes the establishment of a holding company, with the president appointed by NSK and the chairman by NTN. Faced with slowing growth in the automotive and industrial machinery markets and the accelerating shift toward electric vehicles, the two companies aim to reduce costs and improve competitiveness through production integration and more efficient R&D investment.
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