MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Mildly Cheaper Ahead Of Weekly Claims, Further Heavy Bill Supply

US TSYS
  • Cash Tsys sit within session ranges for only slightly cheaper on the day, consolidating at least half of the sell-off seen on the BoC resuming hikes with a 25bp increase and both analysts and markets tilting to another 25bp hike in five weeks.
  • 2YY +1.1bp at 4.567%, 5YY +0.7bp at 3.948%, 10YY +1.2bp at 3.807%, 30YY +1.6bp at 3.961%. 2s10s hold at -76bps at the high end of the week’s range.
  • TYU3 trades 6+ ticks lower at 113-00+ off a low of 112-30 that probes a key support at 112-29+ (May 26/30 lows). A renewed push lower could open 112-16 (76.4% retrace of Mar 2 – May 4 rally).
  • Fed Funds implied rates are little changed overnight as well, still holding the June skip narrative with +8bp for Jun and a cumulative +21bp to a terminal in July after which they price only 25bp of cuts to year-end.
  • Data: Jobless claims (0830ET), Wholesale trade sales/inventories Apr/Apr final (1000ET), Household net worth Q1 (1200ET).
  • Bill issuance: US Tsy $60B 4W, $50B 8W bill auctions (1130ET)
BulletMarketsFixed Income BulletsHomepage Bank of Canada Market News
BulletMarketsFixed Income BulletsHomepage Bank of Canada 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.