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

Modest Overnight Weakness Reverses, ISM Services Ahead

US TSYS SUMMARY

Tsys are mixed in the return to cash trading following the long weekend. A fairly light calendar lies ahead Tuesday.

  • Modest weakness in futures Monday and overnight Tuesday reversed in European trading as equities slipped from the highs. WTI crude hitting best levels since 2014, weak German factory data, and RBA taking first steps to wind back stimulus were the major overnight talking points, though none had much impact on Tsys.
  • The 2-Yr yield is up 0.2bps at 0.2357%, 5-Yr is down 0.5bps at 0.8525%, 10-Yr is down 0.3bps at 1.4204%, and 30-Yr is down 0.1bps at 2.039%.
  • Sep 10-Yr futures (TY) up 3/32 at 132-24.5 (L: 132-18.5 / H: 132-26), decent volume (>360k).
  • Data focus is Jun ISM Services at 1000ET, preceded by final Jun Services/Composite PMI.
  • No scheduled Fed speakers ahead of the June meeting minutes Wednesday.
  • In supply, $111B in 3-/6-month bills auctioned at 1130ET (and note, no supply Weds).
  • NY Fed buys ~$12.425B of 0-2.25Y Tsys.
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.