MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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: Still Bid Post-JOLTS, Powell Adds to Support

US TSYS
  • Treasury futures extended midmorning highs (TYU4 109-19.5) Fed Chair Powell made mildly dovish comments from from central bank economics conference in Sintra, Portugal. Recent inflation data suggest that "we are getting back on a disinflationary path", Powell stated, with the caveat that more is needed to be more confident that inflation is headed sustainably to 2% before loosening policy.
  • Still bid at midmorning, Treasuries pared gains after higher than expected JOLTS job openings of 8.14M vs. 7.946M est, while prior was down-revised to 7.919M from 8.059M.
  • Tsy Sep'24 10Y futures trade 109-16 last (+11) are still well off last Friday's post-Core PCE highs of 110-16. Heavy volumes for typically muted summer trade, TYU4 over 1M contracts already. Technical resistance above at 110-00 20-day EMA. Note, however, curves continue to steepen: 2s10s +1.579 at -28.271, least inverted level since May 3.0
  • A lot of positioning going on ahead Thursday's 4th of July holiday closure. Heavy data drop on Wednesday's shortened session (floor closes at 1300ET, cash at 1300ET while Globex closes at normal time of 1700ET): Challenger Job Cuts, ADP Employment, Weekly Jobless claims, ISM Services, Factory/Durables Orders and June FOMC Minutes.
  • Friday's full session sees June Non-Farm Payroll data.
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.