MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

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: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: Tsys Quiet Recovery Ahead Dec Minutes

US TSYS
  • Treasury futures have quietly moved off session lows over the last couple hours, trading mildly higher for the most part, curves reverse course are now flatter with the short end underperforming (2Y10Y -1.656 at -41.141 vs. -36.236 earlier). Mar'24 10Y futures currently +3 at 112-12.5 vs. 112-12 overnight high, decent volumes (TYH4>1.29M).
  • Focus turns to the December FOMC minutes release at 1400ET. Limited post-December FOMC participant commentary has pointed to an attempt to clarify Chair Powell’s seemingly dovish press conference remarks and tone on future rate cuts.
  • Given what we’ve heard from multiple FOMC participants since the meeting, it’s likely the rate cut discussion will be portrayed as terse and conducted in conjunction with the new economic projections – in other words, conditional and data-dependent. And the prospect of cuts would probably be portrayed as an attempt to keep policy from getting too restrictive in real terms as inflation falls.
  • Tsy futures had see-sawed off lows after lower than expected JOLTS job opening (8.79M vs. 8.821M est, prior up-revised to 8.852M from 8.733M) and drop in ISM prices paid: 45.2 vs. 49.5 est; ISM Manufacturing (47.4 vs. 47.1 est); ISM Employment (48.1 vs. 46.5 est); ISM New Orders (47.1 vs. 49.1 est).
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.