【Morning Report】The U.S. government's funding amount reaches a record high of $776 billion, expanding hedges in preparation for the 5% yields of 10-year bonds in the USA.

Good morning to all Moomoo users!The key points of this morning's first report are as follows.
●【Tokyo Stock Market Forecast Range】34,000 yen - 39,000 yen (closing price on the 30th: 36,969.96 yen).
●The U.S. Treasury Department has downwardly revised its borrowing estimate for October-December to $776 billion.
Expanding hedges in preparation for the re-breaking of the 5% level of the US 10-year bond yield, with caution ahead of the quarterly auction.
The battle of the Fed against inflation highlights the "side effects" on the middle class in the USA.
It is said that GM and UAW have reached a tentative agreement.
moomoo news of individual stocks Evelyn

Market Overview
In the US stock market on the 30th, the NY Dow Jones Average rebounded for the first time in 4 days, rising by 511.37 points to 32,928.96, while the NASDAQ composite index was 146.472 points higher at 12,789.483. For the Tokyo stock market on the 31st, trading is expected to be volatile with uncertain price movements for the Nikkei Stock Average.

Top news of individual stocks
The US Treasury Department has downwardly revised its borrowing needs forecast for October to December by 776 billion dollars.
The US Department of the Treasury announced on the 30th that it expects the federal government's borrowing requirement for the October-December (fourth quarter) period to be $776 billion, about 115.69 trillion yen. This revision from the expected amount at the end of July ($852 billion) is due to higher-than-expected revenue growth, somewhat alleviating investors' concerns about the rapidly expanding fiscal deficit.

Hedging is expanding in preparation for a re-break of the US 10-year bond yield to 5%, with upcoming quarterly auctions on hold.
Ahead of the detailed quarterly regular auctions that the US Treasury will announce on November 1st, there is a growing trend in the options market to increase bearish hedges against US bonds. This is based on the anticipation of a significant increase in government bond issuance.

Further headwinds for US stocks as corporate profit forecasts deteriorate - pessimism evident in earnings calls.
Corporate profit forecasts in the US have deteriorated recently. With a decline of more than 10% from the recent high on the 27th last week, the S&P 500 index has entered a corrective phase, posing further headwinds.

The US Federal Reserve's battle against inflation reveals 'side effects' on the American middle class.
Despite the upward trajectory of growth and a solid labor market in the US, there has been an increase in the middle class expressing pessimism about the economic situation compared to a year ago, according to the latest Harris poll commissioned by Bloomberg News.

GM and UAW reported to have reached a tentative agreement = news on individual US stocks.
$General Motors (GM.US)$It is reported that automobiles has reached a tentative agreement in labor negotiations with the United Auto Workers (UAW). Last week, $Ford Motor (F.US)$similar to the agreed conditions, it is expected that the strike lasting for 6 weeks will come to an end as a result of this.

Tokyo Stock Market Outlook
Stock market outlook for the 31st = waiting for decision meeting, with support from the high stock prices in Europe and the United States, but still experiencing volatile price movements.

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