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

Grinding Higher on China-US Sanctions

BOND SUMMARY
  • Headlines that China may retaliate and place sanctions on US officials have reversed some early weakness in fixed income. Bond markets had got off to a fairly slow start with Japan out on holiday.
  • Bunds are the outperformers followed by gilts and Treasuries. Equity markets are fairly mixed with the IBEX35, FTSE100 and Dow Jones futures all a bit higher but Nasdaq, DAX, CAC and FTSE MIB futures close to flat on the day.
  • The week ahead see UK labour market and activity data for June released alongside Q2 GDP which is also due for release for a number of European countries and the Eurozone aggregate. In the US, focus will be on CPI, claims, retail sales and industrial production. The latter two of these are due Friday and will give us our best indication yet of July activity.
  • This week we are due to hear from the Fed's Evans (today), Barkin and Daly (tomorrow), Rosengren, Kaplan and Daly again (Wed) and Bostic (Thurs). There are no scheduled BOE MPC speakers or ECB Executive Board speakers.
  • TY1 futures are up 0-1+ today at 140-00 with 10y UST yields down -0.7bp at 0.558% and 2y yields down -0.2bp at 0.128%.
  • Bund futures are up 0.24 today at 177.41 with 10y Bund yields down -1.4bp at -0.524% and Schatz yields down -0.7bp at -0.698%.
  • Gilt futures are up 0.17 today at 138.14 with 10y yields down -1.0bp at 0.127% and 2y yields down -1.5bp at -0.41%.
BulletMarketsFixed Income BulletsForeign Exchange Bullets
BulletMarketsFixed Income BulletsForeign Exchange 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.