MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

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

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

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 Twist Flattening With Data In Focus Ahead

US TSYS
  • After a subdued Asia session, cash Tsys have seen a modest cheapening through European hours before the pace slowed after a miss for both German and Eurozone ZEW analyst expectations in August. The front end leads the way for a small twist flattening with the pivot beyond the 10Y, pushing 2s10s back below -40bps but still above lows of just off -50bps prior to US CPI.
  • 2YY +1.9bps at 3.201%, 5YY +1.2bps at 2.912%, 10YY +0.2bps at 2.790% and 30YY -1.5bps 3.087%.
  • TYU2 sits unchanged at 119-22+, well within recent ranges on typically soft seasonal volumes. Recent moves lower are considered corrective with resistance seen at 120-22 (Aug 10 high), but having recently breached trendline support at 119-16, there could be a deeper near-term retracement with support seen at 118-30+ (Aug 12 low).
  • Data: Further declines expected for housing starts/building permits (0830ET) with perhaps particular attention on IP for July (0945ET) for realised implications from softer business activity surveys.
  • No Fedspeak or issuance scheduled today.
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.