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

European handover: 17 February, 2022

MARKET INSIGHT
  • There was no new hawkish impetusus from the FOMC Minutes yesterday: faster pace of hiking than 2015 warranted, faster pace of balance sheet reduction than 2017 to 2019, the one takeaway was regarding langugage on reinvesting maturing/sales of MBS into Treasuries.
  • The overnight session has been dominated by Russia news: a US official pointed to a further 7,000 Russian troops near the Ukraine border and then there were reports in Russian state media accusing Kyiv of launching an attack at several targets in Luhansk People's Republic in violation of Minsk agreements (although this has been denied in headlines released around 6:30GMT). The talk of the Ukrainian action saw core fixed income hit highs overnight, although we have since come back a little. TY1 reached a high of 126-15+ from its close of 125-26 yesterday (we now are up 0-08+ at 126+02+).
  • Note that shortly after the European close yesterday, oil came under pressure after French Foreign Minister Le Drian suggested that "it is a question of days" when it comes to concrete developments on an Iranian nuclear deal. We have since retraced much of the downward move, largely helped by the Russian news.
  • We also received Australian labour market data overnight where the headline beat expectations but hours work tumbled. For more see here.
HomepageBulletMarketsFixed 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.