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

Futures Uptick Overnight, US Tsys Finish Modestly Richer

JGBS

In post-Tokyo trade, JGB futures are holding an uptick, closing +1 compared to settlement levels, after US tsys finish modestly richer. Weaker-than-expected Flash PMIs underpinned a short covering rally for US tsys after a heavy April.

  • Stronger than expected new home sales and a bounce in US equities tempered rates support by the close. The US 2-year yield dropped 4bps to 4.93%, while the 10-year finished at 4.60%, 1bp lower.
  • (MNI) Japan’s Dai-ichi Life Insurance company will further increase its holding of yen bonds, mainly 30- and 40-year Japanese government bonds, for this fiscal year, the company’s fund manager said on Tuesday. “We expect interest rates to gradually rise (in Japan) and we would like to see 30-year JGB yield above 2%,” Kouhei Horikawa, general manager of the investment planning department at Dai-ichi Life, told reporters.(See link)
  • Today, the local calendar will see PPI Services data alongside BoJ Rinban Operations covering 3-25-year+ JGBs.
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.