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

MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Bonds Extending Highs

US TSY FUTURES
BulletMarketsFixed Income NewsHomepage
  • Tsy futures have extended session highs, as Chairman Powell discussed whether every meeting is "live".
  • "We are going meeting by meeting, asking ourselves whether we achieved a stance of policy sufficiently restrictive to bring inflation down 2% over time," Powell said. "We are looking at the full range of economic data, including financial conditions and all those things we look at. We have come very far with this rate hiking cycle, very far." Tsy futures extending highs coincided with the latter comment.
  • Dec'23 10Y currently trading 106-28.5 (106-30.5 high). 10Y yield at 4.7845% -.1462. Curves remain flatter, 3M10Y -14.063 at -68.530, 2Y10Y -1.911 at -17.991 -- climbing off lows.
107 words

To read the full story

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.
  • Tsy futures have extended session highs, as Chairman Powell discussed whether every meeting is "live".
  • "We are going meeting by meeting, asking ourselves whether we achieved a stance of policy sufficiently restrictive to bring inflation down 2% over time," Powell said. "We are looking at the full range of economic data, including financial conditions and all those things we look at. We have come very far with this rate hiking cycle, very far." Tsy futures extending highs coincided with the latter comment.
  • Dec'23 10Y currently trading 106-28.5 (106-30.5 high). 10Y yield at 4.7845% -.1462. Curves remain flatter, 3M10Y -14.063 at -68.530, 2Y10Y -1.911 at -17.991 -- climbing off lows.