Free Trial

Muted Start, November CPI Highlights Data Docket

US TSYS

TYH4 has opened dealing 110-10, +0-01+, in line with late Friday levels

  • Cash tsys finished 5-12bps cheaper across the major benchmarks on Friday, the curve bear flattened.
  • A firmer than forecast NFP print and a downtick in the headline unemployment rate weighed on Tsys on Friday, downward revisions to prior and unrounded releases saw support come in and Tsys ticked away from session lows into the close.
  • FOMC dated OIS now price a terminal rate of 5.35% in December with ~100bps of cuts by Nov 24.
  • The highlight of the week's data docket is the November CPI print on Tuesday, headline CPI is expected to hold flat in November.
  • 10- and 30-Year Supply are also due this week.

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.