MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: PBOC Net Drains CNY224.73 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1323 Thurs; -0.83% Y/Y

VDMA Factory Orders Remain Weak in June

IFO Employment Lower Again

Swiss July CPI Preview - Expected Below SNB Q3 Projections

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

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

Core fixed income moves higher ahead of 3/10y UST auctions

BOND SUMMARY

Core fixed income has been on the front foot, with equities in the red this morning but little in the way of new news driving the moves.

  • Today sees a light data calendar with Eurozone retail sales alongside a few ECB/BOE speakers. Most notable in the day ahead will be a speech from the Fed's Rosengren (at 18:00BST/13:00ET) and the weekly ECB asset purchase release (at 14:45BST/09:45ET).
  • In terms of supply the UST 3-year ($58bln) and UST 10-year ($38bln) auctions will be the highlights while the EFSF are holding a syndication for E4bln of a new long 5-year.
  • TY1 futures are up 0-2+ today at 131-26 with 10y UST yields down -0.5bp at 1.655% and 2y yields unch at 0.156%.
  • Bund futures are up 0.37 today at 171.74 with 10y Bund yields down -1.8bp at -0.322% and Schatz yields down -0.7bp at -0.714%.
  • Gilt futures are up 0.08 today at 128.32 with 10y yields unch at 0.772% and 2y yields up 1.0bp at 0.050%.
BulletMarketsFixed Income BulletsForeign Exchange 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.