MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Modest Bear Flattening Ahead Of The FOMC

US TSYS
  • Cash Tsys have sold off this morning ahead of the FOMC announcement, led by the short-end/belly.
  • 2Y yields are +2.0bps at 1.037%, 5Y +2.6bps at 1.581%, 10Y +1.6bps at 1.785% and 30Y +1.6bps at 2.128%. 2Y yields are up 10bps from Monday’s low to get within 3.5bps of recent highs.
  • TYH2 has traded in a narrow range on low volumes ahead of the Fed. At 128-02+, it’s at the low end of yesterday’s range. Support is seen at 127-28 (Jan 21 low) and then the bear trigger of 127-02 (Jan 19 low) whilst resistance is at 128-24+ (20-day EMA).
  • FOMC policy announcement (1400ET/1900GMT) followed by press conference (1430ET).
  • Data: Second tier Dec releases with advanced international trade and inventories (0830ET) before new home sales (1000ET).
  • Issuance: US Tsy $40B 119D bill CMB auction plus US Tsy $26B 2Y FRN Note auction (1130ET).
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.