CANADA JUNE JOBS -1.4K VS FORECAST +20K, PRIOR +26.7K

MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CANADA JUN IVEY PURCHASING MANAGERS INDEX 62.5 SA

MNI: BLS: NET PAYROLLS REVISIONS FOR MAY, APRIL -111K

US JUN AVERAGE HOURLY EARNINGS +0.3% Vs MAY +0.4%; +3.9% YOY

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Bull Flattening Ahead Of 3Y And 10Y Supply

US TSYS SUMMARY

Tsys have strengthened a little in overnight trade to start the week, with the long end outperforming - but remain well off last week's best levels. A busy session for supply lies ahead.

  • Sep 10-Yr futures (TY) up 5/32 at 133-18.5 (L: 133-11.5 / H: 133-20.5), w volumes on the light side (~250k).
  • Bull flattening in the curve: 2-Yr yield is down 0.6bps at 0.2067%, 5-Yr is down 1.3bps at 0.7721%, 10-Yr is down 2.7bps at 1.3326%, and 30-Yr is down 3.2bps at 1.9573%.
  • Auctions take center-stage in an otherwise slow schedule: 1130ET sees $58B 3Y Note auction (alongside $51B in 26-week bills), and at 1300ET we get $38B 10Y re-opening (with $54B 13-week bills).
  • Little new in Richmond Fed's Barkin WSJ interview out this morning. The only scheduled Fed speaker today is Minn's Kashkari at 1200ET.
  • NY Fed buys ~$2.025B of 1-7.5Y TIPS.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.