MNI BRIEF: Japan Corp Loan Demand Rises - BOJ Survey

MNI BRIEF: Japan June Exports Rise Despite Slow Auto Shipments

FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: JAPAN JUNE EXPORTS +5.4% Y/Y; MAY +13.5%

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Midrange at Midweek

US TSYS
  • Cash Treasuries running lower, yields near steady after a quiet overnight session, curves are steeper (2s10s +0.192 at -36.156). Quiet overnight session, month end extension trade absent as yet ahead of the early week close for the Easter holiday.
  • Treasury futures trade mildly weaker, off recent lows as rates hold to a narrow overnight range: light volumes, the Jun'24 10Y (TYM4) contract is just over 200k, trades 110-19 last (-1.5) with initial technical support at 110-08+/109-24+ (Low Mar 21 / 18 and the bear trigger); resistance at 110-30.5 (Mar 21/22 high).
  • Economic data limited to MBA Mortgage Applications at 0700ET, capped by revised Wholesale sales, inventories at 1000ET.
  • Scheduled Fed-speak: Fed Governor Christopher Waller will discuss his economic outlook at an event hosted by the Economic Club NY this evening at 1800ET, text and Q&A is expected.
  • US Treasury auctions continue with $28B 2Y FRN and $60B 17W Bills at 1130ET, $43B 7Y Notes (91282CJU6) at 1300ET.
  • Short end SOFR futures mildly weaker while projected rate cut pricing continues to ebb: May 2024 at -13.9% w/ cumulative -3.5bp at 5.291%; June 2024 -63.1% w/ cumulative rate cut -19.3bp at 5.134%. July'24 cumulative at -29.6bp, Sep'24 cumulative -48.6bp at 4.841%.
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.