MNI: FED CHAIR JEROME POWELL SCHEDULED TO SPEAK JULY 2

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: CNB Cuts 2W Repo Rate By 50Bps To 4.75%

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI: FED BALANCE SHEET TOTAL ASSETS -$21B TO $7.231T IN WEEK

US Treasury Auction Calendar

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

Narrow Ranges In Asia, Powell In View

US TSYS

TYU3 deals at 109-15, -0-04, a 0-05+ range has been observed on volume of ~120k.

  • Cash tsys sit little changed across the major benchmarks.
  • Tsys firmed in early dealing, there was no obvious headline driver, as perhaps local participants used Thursday's cheapening as an opportunity to close short positions ahead of Fed Chair Powell's Jackson Hole speech.
  • There was little follow through on the moves higher and tsys pared gains to sit in a narrow range for the remainder of the session.
  • FOMC Dated OIS price a terminal rate of ~5.45%, there are ~60bps of cuts priced to July 2024.
  • There is a thin docket in Europe today, Further out the aforementioned speech from Fed Chair Powell headlines, US University of Michigan consumer sentiment also 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.