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

Eurozone Inflation Caps Tsys

US TSYS
Tsys softer but off lows, tracking EGBs following higher than expected Eurozone HICP (+0.8% MoM vs. +0.5% est; +8.5% YoY vs. +8.3%).
  • Yield curves steeper (2s10s +1.902 -87.114) w/ Jun'23 Tsy 2Y futures TUM3 outperforming: steady at 101-21.12 vs. 101-18.25 low, 2YY tapped 4.9352% - new 16 year high at 4.8871% last. Decent volumes in TYM3 futures over 440k after 10Y yield tapped 4.0458% high, 4.0241% last +.0316.
  • STIR: Fed funds implied hike for Mar'23 at 31.2bp, May'23 cumulative 57.7bp to 5.153%, Jun'23 76.5bp to 5.341%, terminal at 5.455% in Oct'23 vs. 5.49% high.
  • US Data out of the way early, all at 0830ET: Initial Jobless Claims (192k, 195k); Continuing Claims (1.654M, 1.669M); Nonfarm Productivity (3.0%, 2.5%) and Unit Labor Costs (1.1%, 1.6%)
  • Tsy auction wrap up the week w/ US Tsy $75B 4W, $60B 8W bills at 1130ET
  • Fed speaker scheduled later: Fed Gov Waller eco-outlook, text, moderated virtual event at 1400ET
  • MN Fed Kashkari on race, justice and economy w/ MN Supreme Court Justice Alan Page at 1830ET, Livestreamed

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.