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

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

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

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

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

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Market Roundup: Tsy Ylds Grind Higher, Yield Curves Steeper

US TSYS

Tsys trading weaker, bouncing off recent lows (30YY tapped 3.0442% high, 3.0361% last). Rates extended lows prior to positive but not market moving April Chicago Fed National Activity Index 0.47 vs. 0.50 est (March down-revision to 0.36 from 0.44).
Otherwise, No obvious headline driver or block print to explain the initial move, while futures currently moving back near lows.

  • Yield curves mildly steeper, 2s10s +3.152 at 22.577, 5s30s still inverted but off lows at -0.532 (+1.617).
  • Decent overall Tsy volumes tied to Jun/Sep rolling, FVM/FVU over 200k already -- nearly half total volume for FVM currently 490k.
  • US 10Y technicals with TYM2 currently trading 119-27.5 (-8.5): Treasuries last week traded above 120-00+, May 12 high, and the contract is holding on to its recent gains. The primary trend direction is down though and gains are still considered corrective.
  • Any resumption of strength would open 120-18+, the Apr 27 high. This level represents an important short-term resistance where a break would signal scope for a stronger retracement. Key support and the bear trigger is 117-08+, May 9 low.
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.