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MNI ASIA MARKETS ANALYSIS:Curves Twist Flatter, Rate Cuts Cool

HIGHLIGHTS
  • Treasuries climbed off late week lows Friday, generally calm end to a hectic week with no data, Fed speaker or Treasury supply to roil markets going into the weekend.
  • Curves twisted fatter (2s10s -6.111 at -11.346) with short end rates underperforming, rate cut projections into year end well off early week highs.
  • Focus turns to next week's PPI, CPI, Retail Sales, Home sales data and UofM inflation expectations.

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HIGHLIGHTS
  • Treasuries climbed off late week lows Friday, generally calm end to a hectic week with no data, Fed speaker or Treasury supply to roil markets going into the weekend.
  • Curves twisted fatter (2s10s -6.111 at -11.346) with short end rates underperforming, rate cut projections into year end well off early week highs.
  • Focus turns to next week's PPI, CPI, Retail Sales, Home sales data and UofM inflation expectations.

Keep reading...Show less