January 08, 2025 04:19 GMT
US TSYS: Cash Bonds Little Changed Ahead Of FOMC Minutes
US TSYS
TYH5 is 108-05+, flat from NY closing levels.
- Cash bonds are little changed in today’s Asia-Pac session after finishing 2-7bps cheaper yesterday, with a steeper curve, following stronger than expected ISM services and JOLTS data.
- MNI's preview of the Minutes includes what to watch for upon release; MNI's FOMC Hawk-Dove Spectrum; key highlights of FOMC participant commentary since the December meeting; and sell-side analyst expectations. See here
- Reminder, much of Thursday's data has been moved to Wednesday (Wholesale Sales, Weekly Jobless Claims) as well as the 30Y Bond auction re-open to avoid conflicts with Thursday's Federal Holiday/day of Mourning for former President Carter.
- The CME Group FI trade closes at 1315ET on Thursday. Thursday still includes Challenger Job cuts at 0730ET, Tsy 4- & 8W bill auctions at 1130ET, and several scheduled Fed speakers throughout the day.
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