Free Trial

Heavy Pre-Holiday Data Schedule

US TSYS SUMMARY

Treasuries are on session highs having sharply rebounded from overnight lows ahead of a heavy pre-Thanksgiving holiday data dump and Fed minutes.

  • The Tsy move has been a mirror image of equities which topped in Asia-Pac hours. No real macro/headline drivers, more like a breather after Tuesday's surge.
  • Bull flattening in the curve: the 2-Yr yield is unchanged at 0.1602%, 5-Yr is down 0.9bps at 0.3861%, 10-Yr is down 1.3bps at 0.8668%, and 30-Yr is down 1.7bps at 1.5882%.
  • Dec 10-Yr futures (TY) up 3.5/32 at 138-11.5 (L: 138-04 / H: 138-12). Dec/Mar fut rolls in focus (we're about three-quarters of the way through).
  • No shortage of data ahead. 0830ET brings weekly jobless claims, 2nd reading of Q3 GDP, Oct durable goods orders and wholesale inventories. At 1000ET we get Oct personal income/spending alongside Oct new home sales and final Nov UMich sentiment.
  • FOMC Nov Meeting minutes out at 1400ET, with asset purchase discussion in focus.
  • We also get the last supply of the week, in the form of $65B of 4-/8-week bills (1000ET), followed by $55B of 105-/154-day bills (1130ET). No NY Fed operational purchases today.

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.