MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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 Little Richer Still After Borrowing Estimates Rally

US TSYS
  • Cash Tsys have pulled back off best levels with the aid of stronger than expected Spanish CPI and Italian GDP growth, but still trade 0.5-2bp richer. It still sees yields consolidate/push a little lower from yesterday’s late rally on lower-than-expected Treasury marketable borrowing estimates, limiting upside issuance risks for Wednesday’s refunding announcement.
  • TYH4 at 111-21 has pulled back from a high of 111-27+ amongst strong volumes of almost 400k. Yesterday’s price action saw clearance of the 20-day EMA with next resistance seen at 112-01+ (Jan 17 high) as short-term gains are still considered corrective from a technical perspective.
  • JOLTS probably headlines today’s data whilst US earnings are in full swing with Pfizer and Starbucks still to come pre-market, before more notably Alphabet and Microsoft after the close. Any surprises will be met with an eye of tomorrow’s FOMC decision, refunding announcement and important data including the Employment Cost Index.
  • Data: FHFA House Prices Nov (0900ET), S&P CoreLogic House Prices Nov (0900ET), Conf Board consumer survey Jan (1000ET), JOLTS labor data Dec (1000ET), Dallas Fed services Jan (1030ET)
  • Bills issuance: US Tsy $80B 42D CMB bill auction (1130ET)
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsFOMC Calendar Market News

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.