MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

US EIA:NAT GAS STORAGE +22 BCF TO 3,231 BCF JUL 19 WK

Core Goods Pipeline Pressures Pick Up On 3m/3m Basis

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Haven Rally Slows

US TSYS
  • European lockdown fears spilled over into Tsys today before the haven-seeking rally paused as Germany indicated no "general" lockdown and then partially reversed on hawkish comments from the Fed's Waller.
  • Fed's Waller noted that a faster taper may be necessary and that the labour market is rapidly approaching maximum employment. Clarida's ongoing remarks have been a non-event so far.
  • Tsy yields are still down 3-6bps on the day, with a bull flattening post Waller. The 2s/10s spread has dipped 2bps to 106.5bps, back to the start of the week.
  • BBB passed in the House, now onto the Senate.
  • Fed minutes on Wed amidst heavy data week ahead including the Nov PMI, PCE/incomes for Oct and the second Q3 GDP print before Thanksgiving on Thursday,
  • Next week's Tsy auction schedule is front-end focused ahead of Thanksgiving, with 2s, 5s and 7s on offer.
  • Markets see full day Wed, closed Thu and early close Fri.
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.