CHINA SETS YUAN CENTRAL PARITY AT 7.1270 THURS VS 7.1248

MNI BRIEF: Japan’s H’hold Financial Assets Hit Record High

MNI BRIEF: Fed Says All Largest 31 US Banks Pass Stress Tests

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

MNI BRIEF: RRR Trim A Better Option Than Rate Cut Now: BOC

MNI China Daily Summary: Wednesday, June 26

Japan May Retail Sales +3.0% Y/Y

Offshore & Local Investors Dump Bonds

MNI JAPAN MAY RETAIL SALES +3.0% Y/Y; APRIL +2.0%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Mild Bull Flattening Only Chips Away At Significant Twist Steepening

US TSYS
  • Tsys have leant on a dovish BoJ’s Ueda and softer than expected French flash PMI data for support, with the bid then capped by stronger than expected German PMIs in London trade (albeit with mfg still sub-40).
  • Cash benchmark yields sit 1bp to 2bp richer with 2s10s at -66bps off overnight highs of -63bps but still notably steeper than the -76bp at the close after Wednesday’s hawkish FOMC dot plot following yesterday's large twist steepening.
  • It sets up today’s preliminary US PMIs at 0945ET, headlining an otherwise light data docket, with conflicting signs so far from regional Fed mfg surveys and a welcome look at service activity in September. First post-FOMC Fedspeak rounds out the session.
  • TYZ3 trades towards the middle of a relatively narrow 10+ range currently at 108-14+, under decent volumes of 350k. It remains close to initial support at yesterday’s low of 108-08, after which lies the round 108-00.
  • Fedspeak: Cook at AI conference (0850ET), Daly fireside chat (1300ET), Kashkari fireside chat (1300ET) and possibly Collins (1000ET).
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsFOMC Calendar Market News

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.