MNI BRIEF: China CPI Expected To Rise Moderately - NBS

MNI BRIEF: China Aug Output, Investment Hit Lowest Of The Year

MNI: PBOC Net Injects CNY138.7 Bln via OMO Saturday

CHINA AUG INDUSTRIAL OUTPUT +4.5% Y/Y VS MEDIAN +4.6% Y/Y: NBS

CHINA PBOC CONDUCTS CNY138.7 BLN VIA 7-DAY REVERSE REPOS SAT

MNI BRIEF: Turkish Central Bank Sees Further Disinflation

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

MNI BRIEF: China Aug M1 Drops Further To Hit Record Low

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

Cheapening With Broad Risk-On Sentiment

US TSYS
  • Cash Tsys have cheapened through European hours with a re-firming in S&P E-minis and oil broadly holding to gains made late last week.
  • There are few obvious drivers although it does follow a shift in CFTC positioning with hedge funds last week flipping to net short 10-year note futures for the first time since Jun’21, along with some sellside analysts shifting to more aggressive ECB rate forecasts.
  • 2YY +2.5bps at 2.677%, +1.7bps 2.951%, 10YY +1.8bps at 2.952% and 30YY +2.0bps at 3.106%.
  • TYU2 is unchanged on the day at 118-17+, towards the low end of Friday’s range amidst below average volumes. Having moved further away from the 50-day EMA of 120-07+ last week, the corrective cycle appears over as it next eyes a key short-term support at 118-01+ (May 18 low).
  • No data of note today and FOMC in media blackout ahead of the Jun 14-15 meeting.
  • Bill issuance: US Tsy $45B 13W, $42B 26W Bill auctions – 1130ET
BulletMarketsFixed Income BulletsHomepageFOMC Calendar Market News

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.