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MNI ASIA MARKETS ANALYSIS: Servicer Led PMI Highest in Two Yrs

HIGHLIGHTS
  • Treasury futures look to finish weaker Thursday after higher than expected S&P Global US PMI data, a Servicer led beat saw the sharpest growth for just over two years.
  • Meanwhile, initial jobless claims surprised lower with a seasonally adjusted 215k (cons 220k).
  • Treasury curves bear flattened while projected rate cut pricing continued to cool with November no longer fully pricing in a 25bp rate cut.

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HIGHLIGHTS
  • Treasury futures look to finish weaker Thursday after higher than expected S&P Global US PMI data, a Servicer led beat saw the sharpest growth for just over two years.
  • Meanwhile, initial jobless claims surprised lower with a seasonally adjusted 215k (cons 220k).
  • Treasury curves bear flattened while projected rate cut pricing continued to cool with November no longer fully pricing in a 25bp rate cut.

Keep reading...Show less