CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Curves Flatter With Bonds Gaining On Narrow Range

US TSYS
  • Treasuries continue to hold to a narrow overall range after the bell, curves mildly flatter with the short end underperforming a gradual rise in Bonds during the second half.
  • Generally quiet start to the first day of summer trade, data limited to in-line Dallas Fed manufacturing index: as expected in June, rising to -15.1 (cons -15.0) from -19.4 in May. The production index suggested activity was essentially flat as it only ticked up from -2.8 to +0.7.
  • Fed speak remains cautious: SF Fed Pres Daly notes that "the bumpiness of inflation data so far this year has not inspired confidence", and while "recent readings are more encouraging...it is hard to know if we are truly on track to sustainable price stability."
  • Chicago Fed President Goolsbee said monetary policy is "quite restrictive" while he remains "hopeful that we'll get more inflation confidence".
  • Treasury futures off early lows by the bell, projected rate cut pricing are steady to mildly higher vs. early Monday levels (*): July'24 at -10% w/ cumulative at -2.5bp at 5.302%, Sep'24 cumulative -18.6bp (-18.4bp), Nov'24 cumulative -28.0bp (-27.1bp), Dec'24 -47.9bp (-46.8bp).
  • Tuesday Data Calendar: Fed Speak, Home Prices, Regional Fed Data.
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.