MNI BRIEF: Japan CGPI Rises 2.5% Y/Y On Slower Import Prices

MNI China Daily Summary: Wednesday, Sept 11

MNI BRIEF: Cautious Policy Adjustments Eyed - BOJ's Nakagawa

MNI: PBOC Net Injects CNY209.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1182 Weds; +2.35% Y/Y

CHINA PBOC CONDUCTS CNY210 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: JAPAN AUG CORP GOODS PRICE INDEX +2.5% Y/Y; JULY UNREV +3.0%

EZ/UK Bond Supply Calendar: Ireland, Italy, UK Due Thursday

US EIA: CRUDE OIL STOCKS EX SPR +0.83M TO 419.1M SEP 06 WK

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Futures Stronger Overnight, 5Y Supply Due, US CPI Later Today

JGBS
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

In post-Tokyo trade, JGB futures are stronger, closing +10 compared to settlement levels, after US tsys finished strongly after lower-than-expected PPI data. The front end paced the gains in a bull-steepener with the 2-year yield declining 9bps to 3.93%, the lowest since last Monday. The 10-year yield fell 6bps to 3.84%.

  • PPI final demand in July printed at 0.10% m/m (cons 0.2%). It came with a net upward revision of 0.09pps but that was mainly in Mar and May, whilst June was revised down from 0.22% to 0.18%.
  • Federal Reserve Bank of Atlanta President Raphael Bostic said interest rates will fall by the end of the year if the economy performs as he expects, adding that the risks to the central bank's dual employment and price goals are balancing.
  • US CPI is due for release later today. Consensus sees core CPI at 0.2% m/m in July after the far softer than expected 0.065% m/m in June, with a mild skew towards a “low” 0.2% per MNI’s compilation of sell-side previews. (See MNI CPI Preview here)
  • BoJ Governor Ueda will appear before parliament on August 23 to take questions on the BoJ's end of July rate hike (with subsequent market turmoil a likely focus point).
  • Today, the local calendar is empty apart from 5-year supply.
213 words

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.

In post-Tokyo trade, JGB futures are stronger, closing +10 compared to settlement levels, after US tsys finished strongly after lower-than-expected PPI data. The front end paced the gains in a bull-steepener with the 2-year yield declining 9bps to 3.93%, the lowest since last Monday. The 10-year yield fell 6bps to 3.84%.

  • PPI final demand in July printed at 0.10% m/m (cons 0.2%). It came with a net upward revision of 0.09pps but that was mainly in Mar and May, whilst June was revised down from 0.22% to 0.18%.
  • Federal Reserve Bank of Atlanta President Raphael Bostic said interest rates will fall by the end of the year if the economy performs as he expects, adding that the risks to the central bank's dual employment and price goals are balancing.
  • US CPI is due for release later today. Consensus sees core CPI at 0.2% m/m in July after the far softer than expected 0.065% m/m in June, with a mild skew towards a “low” 0.2% per MNI’s compilation of sell-side previews. (See MNI CPI Preview here)
  • BoJ Governor Ueda will appear before parliament on August 23 to take questions on the BoJ's end of July rate hike (with subsequent market turmoil a likely focus point).
  • Today, the local calendar is empty apart from 5-year supply.