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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

Followed EGBs Lower, 10Y Supply And Fedspeak Ahead

US TSYS
  • Treasuries have followed EGBs lower overnight on little by way of clear headline drivers although German IP did fall by less than expected.
  • Another light data docket sees focus on 10Y supply, after yesterday’s relatively smooth digesting of front end issuance with the 3Y trading through by 0.2bps.
  • Cash yields sit between 0.5-2.5bp higher on the day, bear steepening but with 2s10s at -35.5bps within yesterday’s range after flattening.
  • TYM4 has seen a day’s low of 108-27+, back at the low end of yesterday’s range to extend the reversal from 109-09, on strong volumes of almost 380k.
  • Yesterday’s climb exposed notable resistance levels at 109-06+ (channel top from the Feb 1 high) and 109-08+ (50-day EMA) in a renewed look at 109-09+ (snap reaction after payrolls on May 3). Renewed upward pressure could open 109-22+ (Fibo retracement of Feb 1 – Apr 25 bear leg).
  • Data: Weekly MBA mortgage data (0700ET), Wholesale trade sales/inventories Mar/Mar f (1000ET)
  • Fedspeak: Jefferson (1100ET), Collins (1145ET), Cook (1330ET) – see STIR bullet
  • Issuance: US Tsy $42B 10Y Note auction - 91282CKQ3 (1300ET)
  • Bill issuance: US Tsy $60B 17W Bill auction (1130ET)
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed Income 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.