[Morning Report] Probability of US interest rate cuts in June, temporary 50% split Tesla draws attention to number of cars delivered in the quarter

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Probability of US interest rate cuts in June temporarily splits 50% - ISM manufacturing industry is stronger than expected
Bond traders have retreated their predictions for a cut in US interest rates this year, and the probability of starting interest rate cuts in June temporarily fell below 50% in the interest rate swap market. The impact was that the March Manufacturing Comprehensive Business Condition Index announced by the U.S. Supply Management Association (ISM) showed an expansion of activity since September 2022.

NY bonds and long-term bonds continue to fall 10-year bond yields 4.31% due to deferred observations of a drop in US interest rates
Long-term bond prices continued to fall in the New York bond market on the 1st. The 10-year government bond yield hit a high level of 4.33% for the first time in almost 2 weeks. The economic indicators announced on the 1st showed an improvement in business confidence in the US manufacturing industry. It took time for inflation to subside, and bond sales spread from observations that it would lead to a postponement of a reduction in US interest rates.

The yen fell in the latter half of the 151 yen range, and the dollar fully appreciated due to rising US economic indicators - be wary of intervention
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 2nd was in the latter half of the $1 = 151 yen range, falling from the evening of the previous day. Interest rate cut observations receded in response to strong economic indicators in the United States, long-term interest rates rose, and the dollar appreciated overall. Meanwhile, the yen is reluctant to decline ahead of the psychological milestone of 152 yen, and it seems that developments where a sense of caution of intervention and a tug-of-war with the dollar's supremacy will continue.

The Toyota system changes to “protect the schedule even if you die” declines and declines and unavoidable reconstruction
$Toyota Motor (TM.US)$ As of 2024, notifications informing about delays in the sale and start of production of new models such as the “Crown” and “Land Cruiser” have been received one after another at affiliated dealerships. A dealership executive said, “The schedule that was 'must deliver' is now easily changed

Tesla draws attention to quarterly car deliveries - even at a dark milestone due to declining EV demand
Electric vehicle (EV) manufacturer rice $Tesla (TSLA.US)$ may reach a dark milestone. The decline in demand for EVs and rising interest rates are impacting sales. As January-March (first quarter) comes to an end, analysts rapidly lowered their forecasts for quarterly car deliveries that Tesla will announce this week.

Settlement in US Google Class Action Lawsuit Gathering Information in Confidential Mode
$Alphabet-A (GOOGL.US)$ It became known on the 1st that a lawsuit filed by users that Google, which is under its umbrella, was collecting personal information with a web browser set to “secret (secret) mode” was settled. The Google side deletes data collected in the past, and also changes secret mode specifications.

Continued increase, outlook improved in US-China economic indicators = NY crude oil overview
New York crude oil has continued to rise recently. In addition to China's purchasing manager business index (PMI) improving, there are signs of recovery in the US ISM manufacturing business index, which boosted the market price.