MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Higher On Brexit Headlines; Midnight Gov't Shutdown Eyed

US TSYS SUMMARY

After flatlining in Asia-Pac trade (a 2-tick range for TYs), Tsys jumped just after 0300ET on headlines that EU leadership now sees 'no deal' Brexit as more likely than not (Sunday now seen as a deadline for a deal).

  • The 2-Yr yield is down 0.4bps at 0.133%, 5-Yr is down 1.8bps at 0.3686%, 10-Yr is down 2bps at 0.8865%, and 30-Yr is down 1.3bps at 1.6138%. Mar 10-Yr futures (TY) up 5/32 at 138-01.5 (L: 137-26.5 / H: 138-04).
  • Apart from that Brexit development, it's been quiet overnight, with few macro drivers. The day's focus will be on Capitol Hill, with the Senate yet to approve a stopgap funding measure to ensure the federal gov't doesn't shut down at midnight ET.
  • Alongside this are discussions over COVID relief, with Senate taking up a key Defense bill.
  • Nov PPI (0830ET) and Dec Prelim UMich Sentiment (1000ET) are Friday's data points.
  • Fed's Quarles due to speak on banking supervision (1240ET), but don't expect anything on current monetary policy as per pre-FOMC blackout rules.
  • No supply, but NY Fed buys ~$12.825B of 0-2.25Y 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.