FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Further Sell-Off Nears Initial Support Ahead Of Important Session

US TSYS
  • Cash Tsys are off overnight lows but still trade 2.5-4.5bp cheaper, with $ supply from Indonesia and Hungary adding to yesterday’s supply-induced pressure. 10s stopped short of testing 4% earlier with a high of 3.986%.
  • TYH4 at 112-03+ (-06+) trades close to earlier lows of 112-00. The corrective pullback has for now stopped just shy of initial technical support at 111-31+ (Dec 14 low) closely followed by 111-29+ (20-day EMA).
  • The continuation of yesterday’s cheapening pressure comes ahead of the closely watched FOMC minutes from the Dec 12-13 meeting, which could help guide market expectations around the timing of a first cut having pulled back from being fully priced for the March meeting. JOLTS and ISM mfg also provide notable data inputs.
  • Fed: Barkin ’24 voter with text (0830ET), FOMC minutes for Dec 12-13 meeting (1400ET)
  • Data: Weekly MBA mortgage data (0700ET), ISM mfg Dec (1000ET), JOLTS Nov (1000ET)
  • Bill issuance: US Tsy $56B 17W Bill auction (1130ET)
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsFOMC Calendar Market News

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.