MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

ISM And ADP Eyed For Further Clues On August Performance

US TSYS SUMMARY

Treasuries have weakened in overnight trade, but it's been a story of two halves, with weakness in Asia-Pac largely reversing in the European morning.

  • Tsy futures dipped as equity futures gained in an overall risk-on global atmosphere, but after hitting lows between 2300ET and 0200ET, we saw a rebound, partially on dovish comments by ECB's Stournaras boosting EGBs.
  • Fairly tight ranges though: Dec 10-Yr futures (TY) down 2.5/32 at 133-12 (L: 133-07 / H: 133-13.5); curve flat too. 2-Yr yield is up 0bps at 0.2094%, 5-Yr is up 0.7bps at 0.7836%, 10-Yr is up 0.3bps at 1.3121%, and 30-Yr is up 0.1bps at 1.9338%.
  • Data is the session's focus, in the context of several surveys in the past month showing weakening economic activity/sentiment in August. Aug ADP employment at 0815ET, with final Manufacturing PMI at 0945ET. Then at 1000ET is Aug ISM Manufacturing and Jul construction spending.
  • Atlanta Fed's Bostic speaks at 1200ET.
  • No supply; NY Fed buys $3.225B of 7-10Y Tsys.
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.