MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

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

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

Holding Lower Post-BoJ

US TSYS

The early London BoJ-derived move lower holds/extends a little with TY futures trading -0-06+ at 111-09+, 0-01 off the base of its 0-08+ session range.

  • The contract remains comfortably within yesterday’s range. Initial resistance comes in at the 20-day-EMA/Jan 12 high (latter located at 112-26+), while initial support is seen at the Jan 19 low (110-26).
  • Cash Tsy yields are 0.5-2.0bp higher, with a modest steepening bear bias apparent.
  • 2s10s are ~12bp off YtD highs, while 5s30s are ~8-9bp off YtD steeps.
  • FOMC-dated OIS shows ~11bp of cuts through Mar ’24 and ~133.5bp of cuts through calendar ’24, with both markers comfortably off the recent dovish extremes.
  • Regional Fed economic activity surveys headline the NY data docket, with 2-Year supply set to kick start this week’s coupon Tsy issuance schedule.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
FOMC Calendar Market NewsHomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
FOMC Calendar Market NewsHomepageBond Market NewsBulletMarketsFixed 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.