FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Mild Bull Flattening After Recent Sell-Offs

US TSYS
  • Cash Tsys have been relatively subdued after yesterday’s further bear steepening, prior to the US coming in and FOMC minutes later at 1400ET/1900GMT.
  • 2Y yields are unch at 0.760%, 5Y unch at 1.357%, 10Y -0.5% at 1.642% and 30Y -1.9bps at 2.046%.
  • TYH2 is in the middle of the morning’s tight range at 129-12 after recovering yesterday from a low of 129-04. Further declines could open 128-30+ (Nov 26 low) and then a key support of 128-22+ (Now 22 low). Relatively low volumes at just above 240k.
  • ADP for Dec (cons 410k after 534k), final Dec Markit PMIs for services/composite with likely a renewed focus on prices paid, and then the aforementioned FOMC minutes.
  • The focus for the minutes will be discussions hinting to the feasibility of the March meeting being live for a rate hike (timing between taper conclusion and liftoff) and balance sheet normalisation timing.
  • NY Fed buy-ops: 7Y-10Y, appr $2.425B (1030ET) and 22.5Y-30Y, appr $1.825B (1120ET).
  • Issuance: $40B 119D-bill auction (1130ET).
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.