BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

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

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

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

Cash Yields Look To Build On Tuesdays Move Lower

US TSYS

TYH4 is currently trading at 110-10+, 01 from New York closing levels.

As the Asia trading session unfolds, cash yields are ~1bps lower extending slightly on trend from the US session.


  • Mar'24 10Y futures are testing highs from the US session of 111-11+, just off those levels at time of writing trading at 110-10. Initial technical resistance is 111-21 (20-day EMA), while support remains 110.-26 (Jan 19th lows).
  • Cash yields have continue the move from US session, the 2y now trading at 4.395%, 0.8bp lower, while the 10Y is 1.3bps lower at 4.0866% to trade just above Tuesday lows of 4.080%
  • Pimco see multiple BOJ rate hikes coming as soon as march (BBG)
  • Tonight's data focus includes ongoing attention to Fed speakers, Mortgage Applications, Trade Balance, and the 10-year Treasury sale.
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.