MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Modestly Weaker/Off Lows Ahead Midday

US TSYS
  • Front month Treasury futures have traded lower over the last 90 minutes, current levels near pre-open lows when rates sold off on stale FRC bank headlines regarding potential buyers. As noted in this morning's What to Watch bullet: markets will be keeping a wary eye on First Republic Bank (FRC) headlines.
  • Trading desks cited "US GOVERNMENT CURRENTLY UNWILLING TO INTERVENE ON FIRST REPUBLIC - CNBC CITING SOURCES" for the latest downturn in rates with Jun'23 10Y futures at 115-16.5 (-9) vs. 115-13.5 low, 10Y yield at 3.4259%.
  • Stocks making modest gains: ERM3 +11.0 at 4104.25, desks pointing to "PACWEST SEES 140 NEW BUSINESS ACCOUNTS OPENED SINCE MARCH" headline from Bbg as PacWest saw "BENEFIT FROM SVB CUSTOMER OUTFLOWS."
  • Curves holding onto steeper profiles (2s10s +4.222 at -51.477%) despite pick-up in short end selling, including pre-auction short sets ahead the $43B 5Y note auction at the top of the hour.
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.