MNI: GERMANY Q4 FLASH GDP -0.2% Q/Q, -0.2%Y/Y

test message from mni

MNI FED WATCH: Powell-No Hurry To Cut Still-Restrictive Rates

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: Fed Statement Comparison - January vs. December

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI: EUROZONE Q4 PRELIM FLASH GDP +0.9% Y/Y

MNI: EUROZONE DEC UNEMPLOYMENT RATE 6.3%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS: Broader Market Recovery Ahead Wednesday's FOMC Announcement

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Treasury look to finish weaker, unwinding a portion of Monday's risk-off rally tied to China's AI startup DeepSeek. Broader markets also likely recovered as accounts squared positions/covered risk ahead of Wednesday's FOMC policy announcement.
  • Treasuries pared losses slightly after lower than expected Durable Goods Orders and down-revision to prior, while Capital Goods were higher than expected. December's advance durable goods report was solid overall, despite a large miss in the headline orders figure (-2.2% M/M vs +0.6% expected, prior rev -2.0% from -1.2%).
  • The Conference Board consumer survey saw confidence disappoint in January at 104.1 (cons 105.9) after an upward revised 109.5 (initial 104.7) for its lowest since September. Declines were seen in both main categories, also to their lowest since September, but were most pronounced for the present situation.
  • Currently, the Mar'25 10Y contract trades -3 at 109-02, off late overnight low of 108-25.5. Futures remain inside technical ranges: support well below at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger), nearly breached yesterday - resistance above at 109-12+ (50-day EMA).
  • Stocks also rebounded, semiconductors outperforming software & hardware makers as markets had more time to contemplate the new competition for US AI developers. Currently, the DJIA trades up 123.63 points (0.28%) at 44836.52, S&P E-Minis up 54.5 points (0.9%) at 6101.5, Nasdaq up 409.7 points (2.1%) at 19753.18.
  • Cross-asset moves: Overall, G10 FX markets traded in a more stable manner following Monday's sharp volatility, Bloomberg US$ index gained 3.52 at 1300.32. Gold +22.34 at 2763.15; WTI crude (+.71 at 73.88) likely supported by comments from the White House Press Secretary that the Feb 1 deadline for applying tariffs on Mexico and Canada still stands.
273 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.
  • Treasury look to finish weaker, unwinding a portion of Monday's risk-off rally tied to China's AI startup DeepSeek. Broader markets also likely recovered as accounts squared positions/covered risk ahead of Wednesday's FOMC policy announcement.
  • Treasuries pared losses slightly after lower than expected Durable Goods Orders and down-revision to prior, while Capital Goods were higher than expected. December's advance durable goods report was solid overall, despite a large miss in the headline orders figure (-2.2% M/M vs +0.6% expected, prior rev -2.0% from -1.2%).
  • The Conference Board consumer survey saw confidence disappoint in January at 104.1 (cons 105.9) after an upward revised 109.5 (initial 104.7) for its lowest since September. Declines were seen in both main categories, also to their lowest since September, but were most pronounced for the present situation.
  • Currently, the Mar'25 10Y contract trades -3 at 109-02, off late overnight low of 108-25.5. Futures remain inside technical ranges: support well below at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger), nearly breached yesterday - resistance above at 109-12+ (50-day EMA).
  • Stocks also rebounded, semiconductors outperforming software & hardware makers as markets had more time to contemplate the new competition for US AI developers. Currently, the DJIA trades up 123.63 points (0.28%) at 44836.52, S&P E-Minis up 54.5 points (0.9%) at 6101.5, Nasdaq up 409.7 points (2.1%) at 19753.18.
  • Cross-asset moves: Overall, G10 FX markets traded in a more stable manner following Monday's sharp volatility, Bloomberg US$ index gained 3.52 at 1300.32. Gold +22.34 at 2763.15; WTI crude (+.71 at 73.88) likely supported by comments from the White House Press Secretary that the Feb 1 deadline for applying tariffs on Mexico and Canada still stands.