FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Core FI Advance As J&J Pauses Covid-19 Vax Trial, Cash Tsys Reopen

BOND SUMMARY

A STAT report noting that J&J have paused their Covid-19 vaccine study, later confirmed by the company, has generated some light risk-off flows, lending support to core FI. In the U.S., cash Tsy space re-opened after the elongated weekend, with some bull flattening creeping in. T-Notes last sit +0-02 at 138-31 and Eurodollar futures trade unch. to +1.0 tick through the reds.

  • JGB futures topped out at 152.02 before ebbing off highs and last trades at 151.99, 3 ticks above settlement. Cash JGB yields sit lower across a slightly steeper curve, with the 3-5 sector outperforming. The latest 15.5-39 Year JGB liquidity enhancement auction headlines locally today.
  • In Australia, YM unch. & XM +1.0. Bull flattening evident in cash space, with yield sitting 0.1-1.7bp lower. Bills trade unch. to -1 tick through the reds. The AOFM auctioned A$150mn worth of 0.75% 21 Nov '27 I/L Bond, while souring Sino-Australian relations have taken focus on the news front.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.