Free Trial

MNI ASIA MARKETS ANALYSIS: Fed Chair Buoys Tsys Ahead Minutes

HIGHLIGHTS
  • Treasuries bounced off the week openers lows Tuesday, mildly dovish comments from Chair Powell from ECB forum in Sintra, Portugal contributed to the rebound.
  • Recent inflation data suggest that "we are getting back on a disinflationary path", Powell stated, he reiterated that more is needed to be more confident that inflation is headed sustainably to 2% before loosening policy.
  • Focus turns to Wednesday's heavy data schedule: Challenger Job Cuts, ADP Employment, Weekly Jobless claims, ISM Services, Factory/Durables Orders and June FOMC Minutes, ahead of Thursday's 4th of July Holiday.

Keep reading...Show less
1771 words

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.
HIGHLIGHTS
  • Treasuries bounced off the week openers lows Tuesday, mildly dovish comments from Chair Powell from ECB forum in Sintra, Portugal contributed to the rebound.
  • Recent inflation data suggest that "we are getting back on a disinflationary path", Powell stated, he reiterated that more is needed to be more confident that inflation is headed sustainably to 2% before loosening policy.
  • Focus turns to Wednesday's heavy data schedule: Challenger Job Cuts, ADP Employment, Weekly Jobless claims, ISM Services, Factory/Durables Orders and June FOMC Minutes, ahead of Thursday's 4th of July Holiday.

Keep reading...Show less