FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Awaiting Fed Powell

BOND SUMMARY

EGBs hold onto gains in early trading.

  • Bund started the session better bid, pushing the curve bull flatter, but we faded going into Auction pricing, with heavy early supplies this morning from France and Spain.
  • Volumes are dominated by rolling positions into June ahead of expiry on Monday.
  • Gilt have traded in line with EGBs, with Gilt/Bund spread trading close to flat on the session.
  • Upside was also limited for the contract going into DMO selling £2.75bn of 10yr.
  • US Treasuries have traded within overnight ranges, with ALL EYES on Fed Powell at 17.00GMT/12.00ET.
  • Some institutions are speculating that we could have comments on Yield, which will be revealed.
  • Looking ahead, US IJC, Durable goods and Factory Orders.
  • OPEC meeting, and of course US Fed Powell.
  • Bund futures are up 0.15 at 174.10
  • BTP futures are up 0.12 at 150.10
  • OAT futures are up 0.06 at 164.11
  • Gilt futures are up 0.10 at 129.33
  • TY1 futures are up 0-1+ at 134-06
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.