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

MNI BRIEF: Caixin Nov Manufacturing PMI Hits Three-Month High

MNI: PBOC Drains Net CNY545 Bln Fri; Rates Unchanged

CHINA PBOC INJECTS CNY119 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA NOV CAIXIN MANUFACTURING PMI 50.7 VS 49.5 IN OCT

MNI: FED BALANCE SHEET TOTAL ASSETS -$14.7B TO $7.796T IN WEEK

EURUSD Slides Back below 1.0900 Amid Soft CPI & Recovering Greenback

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Eurodollar/Tsy Option Roundup, Two-Way

US TSYS
Modest overall volumes Friday w/ London banks still out for Spring and Platinum Jubilee holidays. A few notable exceptions as underlying rate futures sold off following better than expected May jobs gain of +390k vs. +310k est.
  • Fed hike expectations gained slightly out the curve while 50bp hikes at each of the next two meeting remain a lock. Implied Fed hikes firm slightly for meetings later in the year after payrolls. The 143bp for Sep takes it back to yesterday highs whilst the 199bp to year-end nudges 1bp higher and closes on the post May FOMC high of 202bps.
  • After better put buying the last couple sessions, the salient Eurodollar option trade: buy of over 40,000 Aug 97.50 calls at 7.0 vs. 97.355-.35. In Treasury options, paper bought 20,000 TYN 122 calls at 4, while 5s saw buy of 20,000 FVN 112.5 puts from 36-38.
BulletMarketsFixed Income NewsHomepage
BulletMarketsFixed Income NewsHomepage

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.