MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

US Treasury Auction Calendar

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

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

Multiple Outlets Emphasize Bullard Push-Back

FED

Worth noting a nascent rally in front-end rates this morning following Thursday's aggressive sell-off, attributed in part to a few media outlets conveying a rather more dovish message from FOMC participants vs St Louis Bullard's comments yesterday. These were further to MNI's interview w SF Fed Pres Daly late Thursday.

  • Overnight, the WSJ ran a piece signalling the FOMC was "unlikely" to make an inter-meeting hike.
  • And in the past couple of hours, Feb Fed funds futures returned to "pre-Bullard" levels, with CNBC filing a report "Did markets go too far when interpreting yesterday's hawkish comments from St. Louis Fed President Jim Bullard?" ... "Reporting from CNBC finds several Fed officials, both privately and publicly, pushing back" against Bullard's comments yesterday re aggressive hiking.
  • And "CNBC reporting found that most Fed officials were already looking for a bad inflation report.. and the January report was not substantially worse than they had expected".
Energy BulletsCommodities
Energy BulletsCommodities

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.