US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Cheaper With ISM Services Eyed, Heavy Bill Issuance

US TSYS
  • Cash Tsys trade cheaper having generally trended lower through Asian and European hours, buoyed by an initial cheapening burst in EGBs around the old Eurex futures open. Macro headline flow has been a little limited, save the mark lower in the final Eurozone services PMI (to a still more than healthy 55.1).
  • ISM Services headlines the docket, with likely added attention on price components after Thursday’s manufacturing report showed an as expected headline figure but a sharp decline in prices paid. Elsewhere, heavy bill issuance is on the cards.
  • 2YY +5.0bp at 4.547%, 5YY +5.3bp at 3.896%, 10YY +5.2bp at 3.743% and 30YY +4.1bp at 3.928%.
  • TYU3 trades 13 ticks lower at 113-14 just off lows of 113-12+ on average volumes of 270k. Post payrolls price action saw it clear support at 114-00 (May 31 low) to open a key support at 112-29+ (May 26/30 low).
  • Data: S&P Global Service/Composite PMI May final (0945ET), ISM Services May (1000ET), Factory orders Apr (1000ET)
  • Fedspeak: Mester welcome remarks at 1330ET but blackout period
  • Bill issuance: US Tsy $65B 13W, $58B 26W (1130ET), US Tsy $50B 44D CMB auction (1300ET)
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.