MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

2s10s Yield Curve Appr 30Bp Steeper on Wk

US TSYS

Tsys holding mixed levels after the bell, curves steeper with long end underperforming -- 10s-30s holding narrow range/near lows since noon.

  • Nothing really new from StL Fed Bullard comments on economy/monetary policy this morning, save perhaps that current policy is "about 300bp too low", and stresses importance of taking recession red flag yield curve inversions seriously.
  • Currently, 2s10s nearly 30bp off Sunday evening inverted low of -9.531 at +19.708 while 3s, 5s and 7s remain inverted or near inversion vs. 10s (+0.208, -4.370, -7.347 respectively).
  • At 120-16 (-6) June 10Y futures remain above key support of 120-04+ (Low Dec 12/13 2018, cont); if yields continue to rise -- next key psychological support of 120-00.
  • Limited data, no scheduled Fed speakers or Treasury supply:
    • Apr-8 1000 Wholesale Trade Sales MoM (2.1%, 2.1%)
    • Apr-8 1000 Wholesale Inventories MoM (4.0%, 0.8%)
  • The 2-Yr yield is down 0.8bps at 2.4636%, 5-Yr is up 1.9bps at 2.7008%, 10-Yr is up 6bps at 2.6578%, and 30-Yr is up 5.9bps at 2.6847%.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.