MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI BRIEF: Japan Oct Services PPI Rises 2.9% Vs. Sept 2.8%

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Geopolitical Risk Overshadows FOMC Policy Guidance

US
While short end rates trade softer, underscoring policy expectations (EDH2 traded down to 99.545 low overnight), increasing geopolitical tension between US/allies vs. Russia over potential Ukraine invasion spurring carry-over risk-off tone.
  • Rates trading firmer, yield curves flatter (5s30s 50.2) amid robust overnight volumes (TYH>510k). US Tsy 30Y Bond futures little off overnight highs, 30YY 2.0457 (2.0935H/2.0307%L) are back to Jan 14 levels as markets look forward to Wed's FOMC policy announcement, forward guidance for Mar liftoff expected, timing of balance sheet run-off and quantitative tightening.
  • Equities weaker but off overnight lows after closing below 200DMA last Friday.
  • Rumored last Friday, US State Dept is urging families of diplomats to leave Ukraine as "military action by Russia could come at any time." Link: State Dept. NATO forces on standby "and sending additional ships and fighter jets to NATO deployments in eastern Europe”.
  • Omicron pandemic concerns remain but World Health Organization (WHO) says: "two years on, we could be entering a new phase in the pandemic with plausible hope for stabilization."
  • Limited economic data: Chicago Fed Nat Activity Index, Markit PMIs, Fed remains in blackout through Thursday.
  • The 2-Yr yield is up 0.9bps at 1.01%, 5-Yr is down 1bps at 1.5472%, 10-Yr is down 2.1bps at 1.7369%, and 30-Yr is down 2bps at 2.0508%.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange 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.