MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

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

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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

Bull Flatter, With PMIs And Powell Ahead

US TSYS

Treasuries have traded within Thursday's ranges for the most part overnight, with 10 and 30Y yields retracing from recent highs. The curve is a little flatter, with short-end yields anchored.

  • A few catalysts weighed in Asia-Pac hours (incl Evergrande paying a US$ bond coupon that had been missed), but headlines were mainly risk-off (Sino-US tensions over Taiwan, equity weakness, poor UK retail sales data). European PMIs were mixed.
  • The 2-Yr yield is down 0.1bps at 0.4534%, 5-Yr is down 0.6bps at 1.2336%, 10-Yr is down 1.9bps at 1.6819%, and 30-Yr is down 2.8bps at 2.1199%.
  • Dec 10-Yr futures (TY) down 3/32 at 130-03 (L: 129-31.5 / H: 130-07.5)
  • Fed Chair Powell speaks on a panel at 1100ET - he's the last scheduled FOMC speaker before the pre-Nov meeting blackout, so it bears watching for any final guidance ahead of a very likely taper announcement in two weeks' time.
  • We also hear from SF Fed Pres Daly at 1000ET (on climate change risks).
  • The data highlight is US October prelim PMIs at 0945ET.
  • NY Fed buys ~$6.025B of 4.5-7Y Tsys.
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.