MNI China Daily Summary: Wednesday, January 8

MNI: GERMANY NOV RETAIL SALES -0.6% M/M (FCST: 0.5%)

MNI BRIEF: Q3 Output Gap Hits 18th Negative Result - BOJ

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

MNI BRIEF: Fed's Bostic Says Bumpy Inflation Calls For Caution

MNI: US MBA: MARKET COMPOSITE -3.7% SA THRU JAN 03 WK

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

MNI: EUROZONE NOV PPI +1.6% M/M, -1.2% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

US TSYS: Cash Bonds Dealing Cheaper But Off Worst Levels

US TSYS
USBulletMarketsFixed Income BulletsNorth America

TYH5 is 108-16, -0-04+ from NY closing levels. 

  • Cash bonds are ~1bp cheaper in today’s Asia-Pac session after Friday’s heavy close.
  • On Friday, US projected rate cuts through mid-2025 were as follows: Jan'25 steady at -2.8bp, Mar'25 -13.2bp, May'25 -17.8bp, Jun'25 -26.5bp.
  • US economic data and Treasury supply are being brought forward this week to accommodate Thursday's "day of mourning" to honour President Carter. The Federal holiday sees most markets closed; the exception so far is CME rates, which will operate on a shortened session.
  • Thursday's weekly jobless and continuing claims will be released on Wednesday according to the Dept of Labor site.
  • Later today, the US calendar will see S&P Global Services & Composite PMIs, Factory Orders and Durable Goods Orders.
118 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.

TYH5 is 108-16, -0-04+ from NY closing levels. 

  • Cash bonds are ~1bp cheaper in today’s Asia-Pac session after Friday’s heavy close.
  • On Friday, US projected rate cuts through mid-2025 were as follows: Jan'25 steady at -2.8bp, Mar'25 -13.2bp, May'25 -17.8bp, Jun'25 -26.5bp.
  • US economic data and Treasury supply are being brought forward this week to accommodate Thursday's "day of mourning" to honour President Carter. The Federal holiday sees most markets closed; the exception so far is CME rates, which will operate on a shortened session.
  • Thursday's weekly jobless and continuing claims will be released on Wednesday according to the Dept of Labor site.
  • Later today, the US calendar will see S&P Global Services & Composite PMIs, Factory Orders and Durable Goods Orders.