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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

Hanging On Fiscal Hopes

US TSYS SUMMARY

Tsys are edging lower as stock futures edge back to Wed's highs on fiscal stimulus hopes, and ahead of a heavy data slate.

  • Risk appetite has been buoyed overnight by apparent progress on the fiscal stimulus front - Roll Call suggesting that Sec Mnuchin has offered more on the state/local aid and unemp insurance fronts, in a $1.625B package. Discussions w House's Pelosi due to resume today.
  • Dec 10-Yr futures (TY) down 4.5/32 at 139-12.5 (L: 139-11.5 / H: 139-17) The 2-Yr yield is up 0.2bps at 0.1289%, 5-Yr is up 0.5bps at 0.2815%, 10-Yr is up 1.7bps at 0.7005%, and 30-Yr is up 2bps at 1.4755%.
  • Decent volume overnight too (TYZ0 just under 300k as of 0630ET), considering several Asian markets are observing holidays.
  • At 0730ET, Challenger reports layoffs data for Sep. 0830ET sees weekly jobless claims and August personal income/PCE prices. 0945ET we get final Sep Mfg PMI, then at 1000ET Sep ISM Manufacturing, as well as Aug construction spending.
  • NY Fed's Williams appears twice at 1100ET (including recorded remarks); Gov Bowman at 1500ET.
  • $65B in 4-/8-week bill sales at 1130ET; NY Fed buying ~$1.75B of 20-30Yr Tsys.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income 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.