MNI: PBOC Net Injects CNY139.5 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1708 Thu; -1.14% Y/Y

MNI BRIEF: Japan Corp Loan Demand Rises: BOJ Survey

MNI China Daily Summary: Wednesday, January 22

MNI BRIEF: China Iron Ore Imports To Remain Positive In 2025

MNI BRIEF: China To Boost Long-term Funds For Equity Market

JAPAN DATA: Japan Dec Exports +2.8% Y/Y; Imports +1.8% Y/Y

MNI: JAPAN DEC EXPORTS +2.8% Y/Y; NOV +3.8%

EZ/UK Bond Supply Calendar: France, UK Auction on Thursday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS: Decent 20Y Bond Auction Re-Open Helped Treasuries Bounce Off Lows

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Treasuries look to finish weaker Wednesday, off midday lows after the $13B 20Y Bond auction finally broke a string of poorly received sales, trading 1bp through: 4.900% high yield vs. 4.910% WI; 2.750x bid-to-cover vs. prior month's 2.50x.
  • Lite data session: MBA composite mortgage applications increased 0.1% last week (sa) to consolidate the 33% jump the week prior; US DEC. LEADING INDICATOR FALLS 0.1% M/M; EST. -0.1% (Bbg).
  • Late short covering saw the Mar'25 10Y contract trades 108-20 (-3.5) vs. 108-14 low, well above initial technical support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger). 10Y yield gained .0122 to 4.5886, curves flatter: 2s10s -.050 at 29.961, 5s30s -2.161 at 38.997.
  • Pres Trump’s tariff threat towards Russia weighed on Treasuries earlier in the session while underpinning US$ (BBDXY +.08 t 1302.69 late). Higher core yields have also been supportive of this price dynamic, while a 4bp move for 5-year treasury yields also provided support to the broader dollar index.
  • Cross asset roundup: Spot gold has risen by a further 0.4% to $2,756/oz on Wednesday, bringing the yellow metal to its highest level since October 31. WTI lost some ground on the day, with outages on the US gulf coast bearish for oil. However, it has struggled for clear direction, with earlier movement driven by Trump comments towards the war in Ukraine. WTI Mar 25 is down by 0.5% at $75.4/bbl.
229 words

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.
  • Treasuries look to finish weaker Wednesday, off midday lows after the $13B 20Y Bond auction finally broke a string of poorly received sales, trading 1bp through: 4.900% high yield vs. 4.910% WI; 2.750x bid-to-cover vs. prior month's 2.50x.
  • Lite data session: MBA composite mortgage applications increased 0.1% last week (sa) to consolidate the 33% jump the week prior; US DEC. LEADING INDICATOR FALLS 0.1% M/M; EST. -0.1% (Bbg).
  • Late short covering saw the Mar'25 10Y contract trades 108-20 (-3.5) vs. 108-14 low, well above initial technical support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger). 10Y yield gained .0122 to 4.5886, curves flatter: 2s10s -.050 at 29.961, 5s30s -2.161 at 38.997.
  • Pres Trump’s tariff threat towards Russia weighed on Treasuries earlier in the session while underpinning US$ (BBDXY +.08 t 1302.69 late). Higher core yields have also been supportive of this price dynamic, while a 4bp move for 5-year treasury yields also provided support to the broader dollar index.
  • Cross asset roundup: Spot gold has risen by a further 0.4% to $2,756/oz on Wednesday, bringing the yellow metal to its highest level since October 31. WTI lost some ground on the day, with outages on the US gulf coast bearish for oil. However, it has struggled for clear direction, with earlier movement driven by Trump comments towards the war in Ukraine. WTI Mar 25 is down by 0.5% at $75.4/bbl.