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

Markets Roundup: New 16Y High Yield Ahead 5Y Auction

US TSYS
  • Treasury futures trading moderately weaker, 10Y through round number support to new low of 107-26.5 (-9) while 10Y yield extend to new 16Y high of 4.5910% in the lead up to the Tsy $49B 5Y note auction.
  • Curves bear steepening again, 3M10Y +5.388 to -100.723, 2Y10Y +5.984 at -52.958 (steepest since mid-May 2023).
  • Rates actually extended highs after Core durable goods orders came out stronger than expected in August preliminary data, rising 0.9% M/M (cons 0.1) but with the gloss taken off by a sizeable downward revision to -0.4% M/M (initial 0.1) in July.
  • Little reaction to MN Fed President Kashkari making the rounds again this morning (CNN, CNBC), reprising higher for long stance if inflation persists: "holding rates through 2024" (despite dots showing a cut next year).
  • Cross asset summary: Greenback near moving higher (DXY +.469 at 106.700), Gold weaker (-23.30 at 1877.35), crude broadly higher (WTI +3.40 at 93.79) and stocks trade weaker after stronger open: DJIA is down 169.04 points (-0.5%) at 33449.54, S&P E-Mini Future down 17 points (-0.39%) at 4297.5, Nasdaq down 38.8 points (-0.3%) at 13024.36.
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.