Free Trial
EURJPY TECHS

Support Remains Exposed

US TSYS

Yield Climb Amid Unwinds Ahead Wed's FOMC

US

FHLB Issued $304B Last Week

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Mostly Bear Flatter With Fed Speakers And ADP Awaited

BONDS

The US and German cash curves have bear flattened slightly in early Thursday trade, with the UK's twist steepening. Periphery EGBs are trading mixed.

  • Italian Dec prelim inflation came in exactly in line with expectations, but the current survey estimate for Friday's Eurozone-wide figure is still likely too high at 9.5% Y/Y given weak readings in the likes of Germany and France.
  • The BoE's monthly decision maker survey showed year-ahead CPI expectations pick up to 7.4% from 7.2% in November.
  • Main attention in the rest of the session is US ADP payrolls (with an eye to Friday's employment report), weekly jobless claims, and FOMC speakers Harker, Bostic, and Bullard.

Latest levels:

Keep reading...Show less
159 words

To read the full story

Why Subscribe to

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.

The US and German cash curves have bear flattened slightly in early Thursday trade, with the UK's twist steepening. Periphery EGBs are trading mixed.

  • Italian Dec prelim inflation came in exactly in line with expectations, but the current survey estimate for Friday's Eurozone-wide figure is still likely too high at 9.5% Y/Y given weak readings in the likes of Germany and France.
  • The BoE's monthly decision maker survey showed year-ahead CPI expectations pick up to 7.4% from 7.2% in November.
  • Main attention in the rest of the session is US ADP payrolls (with an eye to Friday's employment report), weekly jobless claims, and FOMC speakers Harker, Bostic, and Bullard.

Latest levels:

Keep reading...Show less