© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Mester Says Fed Likely Has Some More Work To Do

MNI: US Treasury Market Needs Restructuring-Jackson Hole Paper

MNI: Canada June YOY Budget Surplus Narrows As Spending Up 10%

EZ/UK Bond Supply Calendar: EU to sell 3/18-year bonds Monday

EZ/UK T-Bill Calendar: Germany / France to issue on Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL AUG INDEX 69.5

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

BA/ML strategists Ralf Preusser....>

US TSYS/RESEARCH
US TSYS/RESEARCH: BA/ML strategists Ralf Preusser and Shyam Rajan said that
"with GDP tracking 2.8% for Q3 despite the hurricanes, and global growth data
showing continued momentum, we believe the path of least resistance remains to
higher rates."
- They expect the US front-end, "which has led the selloff since first week of
September,  to take a breather, with a Dec hike sufficiently priced and the 2018
re-pricing on hold 'til there is more clarity on the Fed transition" so "yield
rises are likely to lead to steeper curves."
- They added that "ultimately, the next big move for both rates and the curve
hinges on tax reform. This will now come down to the Senate passing its budget
resolution and the conference with the House thereafter - while the budget is
largely meaningless, getting it passed is a prerequisite condition for passing
the tax bill through reconciliation."

To read the full story

Why Subscribe to

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.
}); window.REBELMOUSE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ (function appendPosts () { var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0]; var policyPostsMenu = document.querySelector('.policy-posts-span'); policyPostsMenu.append(policyPosts); policyPosts.style.display = "block"; var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0]; var dataPostsMenu = document.querySelector('.data-posts-span'); dataPostsMenu.append(dataPosts); dataPosts.style.display = "block"; })(); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll(".my-mni").forEach(function(item){ item.href="/core/users/email_login/"; item.innerHTML="Log In"; }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll("img").forEach(function (img) { img.addEventListener("contextmenu", function (e) { return false; }); }); document .querySelector(".site-logo img") .addEventListener("contextmenu", function (e) { return true; }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener(".areas-of-interests__options .signin-module", function (item) { item.addEventListener("click", function () { if(item.querySelector("input").checked){ item.classList.add("selected"); // item.querySelector("input").checked=false; } else { item.classList.remove("selected"); // item.querySelector("input").checked=true; } }) }) function initializeTooltip(){ document.addEventListener("mouseover", function (e) { if (e.target.matches(".authentication--field-fi_market > i")) { document .querySelector(".subscription-form-tooltip.fi-market") .classList.remove("hide"); } if (e.target.matches(".authentication--field-fx_market > i")) { document .querySelector(".subscription-form-tooltip.fx-market") .classList.remove("hide"); } if (e.target.matches(".authentication--field-data > i")) { document .querySelector(".subscription-form-tooltip.data") .classList.remove("hide"); } if (e.target.matches(".authentication--field-mni_research > i")) { document .querySelector(".subscription-form-tooltip.mni_research") .classList.remove("hide"); } if (e.target.matches(".authentication--field-policy > i")) { document .querySelector(".subscription-form-tooltip.policy") .classList.remove("hide"); } if (e.target.matches(".authentication--field-EM_market > i")) { document .querySelector(".subscription-form-tooltip.EM_market") .classList.remove("hide"); } if (e.target.matches(".authentication--field-calendar > i")) { document .querySelector(".subscription-form-tooltip.calendar") .classList.remove("hide"); } if (e.target.matches(".authentication--field-commodities > i")) { document .querySelector(".subscription-form-tooltip.commodities") .classList.remove("hide"); } }); document .querySelectorAll(".areas-of-interests__options i") .forEach(function(btn){ btn.addEventListener("mouseleave", function (e) { let tooltips = document.querySelectorAll(".subscription-form-tooltip"); tooltips.forEach(function(tooltip){ tooltip.classList.add("hide"); }); }); }); } function createTooltip(item) { const tooltip = document.createElement('i'); tooltip.classList.add('tooltip'); item.appendChild(tooltip); } REBELMOUSE_STDLIB.createElementChangeListener(".areas-of-interests__options .authentication--label", function(item){ createTooltip(item); if(document.querySelectorAll(".areas-of-interests__options .authentication--label").length >=7 ){ initializeTooltip(); } }) REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)"); window.check_story_posts(posts, "streamOfPosts"); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ /* const sidebar = document.querySelector('.left-sidebar-container'); const stickyContent = document.querySelector('.sticky-content'); const siteContent = document.querySelector('.all-posts-stream'); if (sidebar && stickyContent && siteContent) { if (siteContent.clientHeight > sidebar.clientHeight) { console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight); stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px'; } } */ });