The United Kingdom's M4 money supply increased by 0.2% month-on-month in May 2025, rising to a 3.5% year-on-year growth, up from the previous 3.2%. The three-month M4 money supply excluding official financing showed a 3.3% year-on-year increase to May. In the United States, the 3-month Treasury bill yield rose to 4.255%, slightly above the previous 4.235%, while the 6-month Treasury bill yield increased to 4.145% from 4.110%. The bid-to-cover ratio for the 3-month bill declined to 2.75 from 3.04. Meanwhile, Japan's bank lending, including trusts, expanded by 2.8% year-on-year in June 2025, up from 2.4% previously. Excluding trusts, bank lending grew 3.0% year-on-year, reflecting ongoing credit expansion. Japanese banks, including city banks, reported record-high average loan balances in June, supported by large M&A financing deals.
銀行・信金の貸出平残、6月は最高更新 都銀等でM&Aの大口案件 https://t.co/wVIG3SBgi5 https://t.co/wVIG3SBgi5
Japan's bank lending, including trusts, grew 2.8% year-on-year in June, reflecting continued credit expansion.
Japan Bank Lending Incl Trusts (Y/Y) Jun: 2.8% (prev 2.4%) - Bank Lending Ex-Trusts (Y/Y): 3.0% (prev 2.6%; prevR 2.5%)