FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

A Bit Of Steepening Pre-FOMC

US TSYS SUMMARY

The Tsy curve is a little steeper Wednesday ahead of the July FOMC decision.

  • The 2-Yr yield is up 0.2bps at 0.2055%, 5-Yr is up 2bps at 0.7191%, 10-Yr is up 1.2bps at 1.2527%, and 30-Yr is up 1.6bps at 1.9092%.
  • Sep 10-Yr futures (TY) down 3/32 at 134-12 (L: 134-09.5 / H: 134-17). OK volumes (~310k).
  • Focus is on the 1400ET FOMC decision, with Powell's presser at 1430ET.
  • Equities have found their footing from Tuesday's lows, with S&P eminis back around the 4,400 mark.
  • Data includes weekly MBA mortgage apps (0700ET), and at 0830ET, retail/wholesale inventories alongside advance goods trade balance.
  • $28B 2Y FRN / $30B 119-day bill auction at 1130ET. No NY Fed operational purchases due to the Fed meeting.
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.