MNI: PBOC Net Injects CNY150.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1245 Weds; +2.72% Y/Y

CHINA PBOC CONDUCTS CNY792.7 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1245 WEDS VS 7.1223

MNI China Daily Summary: Tuesday, October 22

MNI BRIEF: Chinese Firms Increasingly Hedging Currency Risk

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US REDBOOK: OCT STORE SALES +5.1% V YR AGO MO

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

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

Late Session Focus on BOJ Rate Decision Tonight

US TSY FUTURES
  • Treasury futures are extending session lows, curves bear steepening with the short end resisting the post-auction sell-off. While the 7Y note sale tailed 1.5bp, Treasury futures experienced a knee-jerk sell-off to new session lows after Nikkei report elevated yield curve control discussion by the BOJ at tonight's policy meeting (2200ET).
  • "The Bank of Japan will discuss tweaking its yield curve control policy at a policy board meeting Friday to let long-term interest rates rise beyond its cap of 0.5% by a certain degree, Nikkei has learned, in what would be a shift toward a more flexible policy approach."
  • Treasury 10Y futures have fallen to 110-30.5 low (-1-06), yield hitting 4.0142% high (July 10 levels), well through 1.0% 10-dma envelope support, and just above 110-28 (76.4% retracement of the Jul 7 - 18 rally). A breach of 110-28 puts focus on key support of 110-05 (Low Jul 6 and the bear trigger).
  • Curves have bear steepened on the move, 3M10Y currently +16.191 at -142.759 (compared to -173.5 low on July 18), 2s10s +5.816 at -93.079.
  • Reminder: heavy slate of corporate earning remain after today's close, include: Intel, Olin Corp, Weyerhaeuser, KLA, Roku, Juniper Networks, Mettler-Toledo, Mohawk Ind, US Steel Corp.
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.