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

Firmer Start, Cash Tsys Closed Today

US TSYS

TYZ3 has opened dealing at 107-07, +0-12, firming in early trade as safe-havens gain after the Hamas attack on Israel, this morning the WSJ reported "Iran helped plan the attack over several weeks", the same article states "U.S. officials say they haven't seen evidence of Tehran's involvement”. Technical resistance comes in at 107-14, high from Oct 3.

  • Cash tsys finished on Friday 6-9bps cheaper across the major benchmarks, the belly lead the cheaps.
  • A reminder that cash tsys are closed today for the observance of a US holiday.
  • Tsys were pressured in the aftermath of Friday's NFP print following strong job gains in September, before paring losses through the session as participants focused on a slowing in AHE and the softening in trend growth for non-supervisory roles.
  • Support in TYZ3 comes in at 106-03+, the low from Sep 4 as the bear trend remains intact. A break through here opens 105-17 2.0% lower 10-DMA envelope.
  • The highlight of the docket this week is September PPI and FOMC September Meeting Minutes on Wednesday and September CPI on Thursday.
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.