MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Narrow Ranges In Asia

US TSYS

TYU3 deals at 111-14+, +0-01+, a range of 0-04+ has been observed on volume of ~57k.

  • Cash tsys sit flat to 2bps richer across the major benchmarks, light bull steepening is apparent.
  • Tsys have firmed to session highs in recent dealing, a rally in ACGB's lieu of the RBA maintaining the cash rate at 4.10% has spilled over into the wider space. Ranges do remain narrow and the move has had little follow through thus far.
  • Earlier in the session tsys were muted, little meaningful macro news flow crossed and moves were limited.
  • FOMC dated OIS remain stable, a terminal rate of ~5.40% is seen in November. There are ~55bps of cuts priced to June 2024.
  • The docket is thin in Europe today. Further out we have a slew of US data including JOLTS Job openings and ISM Mfg Survey. Fedspeak from Chicago Fed President Goolsbee crosses.
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.