MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

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

Limited Rally After Yesterday’s Substantial Hike Repricing

US TSYS
  • Cash Tsys rally modestly as they largely consolidate yesterday’s sell-off on substantial re-pricing of rate hike expectations, which began earlier in the day before driving further on Powell indicating close to policy continuation.
  • 2YY -1.6bps at 1.496%, 5YY -1.0bps at 1.745%, 10YY -2.2bps at 1.854%, 30YY -2.0bps at 2.228%. This sees the curve broadly hold onto yesterday’s new recent flats of ~35bps (although it did fleetingly touch 31bps).
  • TYM2 is up 4 ticks on the day at 127-13 with soft volumes. After some large swings, it sits comfortably below resistance of 128-31+ (Mar 1) and above initial firm support from the 20-day EMA of 126-30.
  • Fedspeak: Powell testimony to the Senate (1000ET), followed by NY Fed’s Williams (permanent voter) late on at 1800ET.
  • Data: Some of the more important releases today include finalised ULCs, Markit PMIs and ISM Services plus factory orders, all before tomorrow’s payrolls.
  • NY Fed buy-op: Tsy 7Y-10Y, appr $1.625B vs. $3.225 prior (1120ET)
  • Bill issuance: US Tsy $45B 4W, $35B 8W bill auctions (1130ET)
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.