MNI BRIEF: Dallas Fed Price Gauge Slows To 4.4% Over Year

MNI: Canada Apr-Nov Budget Deficit CAD3.6B, Beats Projection

(CORRECTED)MNI INTERVIEW: ECB Communications Errors Risk Market Selloff

Crude Futures Continue Slide, WTI Hits Fresh Weekly Lows

MNI DATA FORECASTS: EZ Inflation, US Jobs data to the fore

MNI: US NAR DEC PENDING HOME SALES INDEX 76.9 V 75 IN NOV

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Dallas Fed Price Gauge Slows To 4.4% Over Year

USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late Tsy Roundup: Implied Hike Steady at 25.9Bp Ahead Wed FOMC

US

President Biden Finishes Month On Declining Approval Trend

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Curve Bear Steepens On Friday, Fed In Blackout Period

US TSYS
HomepageBond Market NewsBulletMarketsFixed Income News

TYH3 deal at 115-01+, -0-00+, little changed from Fridays settlement levels.

  • Cash Tsys finished 4-9bp cheaper on Friday as the curve bear steepened.
  • Pressure in Global FI weighed on Tsys on Friday with hawkish ECB speak from Lagarde the initial catalyst.
  • Home Sales fell by less than expected in December, allowing another step cheaper in the space.
  • Positioning adjustments, after a strong start to the year for Tsys, and rate locking activity also weighed.
  • Fedspeak from Philadelphia Fed President Harker ('23 voter) reiterated comments seen in previous communique. Kansas City Fed President George indicated the Fed would be more patient at this time to see if inflation remains on a downward trend.
  • Gov Waller noted that rates were "pretty close" to a sufficiently restrictive level. He also said he favours a shift to a 25bp hike at the February meeting but anticipates further tightening going forward. The comments helped Tsys pare losses into Friday's close.
  • There's a thin docket in Asia-Pac today as China begins a week long Lunar NY holiday, wider regional liquidity will be affected. Further out, PCE, Jan Preliminary PMIs and Q4 GDP headline the week. The Fed is now in its policy blackout period ahead of its February meeting.
196 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

TYH3 deal at 115-01+, -0-00+, little changed from Fridays settlement levels.

  • Cash Tsys finished 4-9bp cheaper on Friday as the curve bear steepened.
  • Pressure in Global FI weighed on Tsys on Friday with hawkish ECB speak from Lagarde the initial catalyst.
  • Home Sales fell by less than expected in December, allowing another step cheaper in the space.
  • Positioning adjustments, after a strong start to the year for Tsys, and rate locking activity also weighed.
  • Fedspeak from Philadelphia Fed President Harker ('23 voter) reiterated comments seen in previous communique. Kansas City Fed President George indicated the Fed would be more patient at this time to see if inflation remains on a downward trend.
  • Gov Waller noted that rates were "pretty close" to a sufficiently restrictive level. He also said he favours a shift to a 25bp hike at the February meeting but anticipates further tightening going forward. The comments helped Tsys pare losses into Friday's close.
  • There's a thin docket in Asia-Pac today as China begins a week long Lunar NY holiday, wider regional liquidity will be affected. Further out, PCE, Jan Preliminary PMIs and Q4 GDP headline the week. The Fed is now in its policy blackout period ahead of its February meeting.