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

BONDS: Lower Still, Equity Recovery, Tsy Supply & Quarter-End Flow Eyed

BONDS
BulletMarketsFixed Income Bullets

Weakness in bonds extends, with previously covered resistance zones (recent session highs/gaps) in the major 10-Year futures holding during the London morning.

  • Headlines remain light, leaving flow and cross-market moves at the fore.
  • A move away from session lows in equity futures factored into the pullback.
  • No meaningful support derived from a downtick in crude oil.
  • Set up ahead of today’s 5-Year Tsy supply cited by some.
  • Also note that J.P.Morgan estimated ~$125bn of global pension fund quarter-end rotation needs (out of bonds and into equities) back on September 13, which could be factoring in. 
90 words

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.

Weakness in bonds extends, with previously covered resistance zones (recent session highs/gaps) in the major 10-Year futures holding during the London morning.

  • Headlines remain light, leaving flow and cross-market moves at the fore.
  • A move away from session lows in equity futures factored into the pullback.
  • No meaningful support derived from a downtick in crude oil.
  • Set up ahead of today’s 5-Year Tsy supply cited by some.
  • Also note that J.P.Morgan estimated ~$125bn of global pension fund quarter-end rotation needs (out of bonds and into equities) back on September 13, which could be factoring in.