MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

Off Midweek Lows Ahead Q1 GDP, Weekly Claims, Personal Consumption Data

US TSYS
BulletMarketsFixed Income BulletsHomepage
  • Treasuries have bounced off midweek lows, drifting near overnight highs with focus on this morning's Q1 GDP, personal consumption and weekly jobless data at 0830ET. Following yesterday's post-7Y auction sell-off, market should see little influence on rates as US Treasury rounds up this week's supply with $70B 4- and 8W bill auctions at 1130ET.
  • Cash yields lower, 10s -.0219 at 4.5898%, 30s -.0188 at 4.7140%, curves mildly flatter after bear steepen this week, 2s10s -1.360 at 37.656.
  • Switching to Sep'24 futures the day before First Notice, heavier volumes overnight with TYU4 over 480k vs. 199k TYM4. Despite this morning's bounce, Treasuries remain vulnerable to a bearish theme after Wednesday's reversal extension from the May 16 high. The Sep'24 10Y contract has pierced 108-02+, the 76.4% retracement of the Apr 25 - May 16 climb.
  • Scheduled Fed speakers include NY Fed President Williams speech at the Economics Club of NY (text, Q&A) at 1205ET; Dallas Fed President Logan will participate in a moderated Q&A in El Paso at 1700ET.
  • Moderate US$ corporate bond issuance limited to Bank of Bahrain & Kuwait 5Y, National Bank of Kuwait 6NC5 today.
183 words

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.
  • Treasuries have bounced off midweek lows, drifting near overnight highs with focus on this morning's Q1 GDP, personal consumption and weekly jobless data at 0830ET. Following yesterday's post-7Y auction sell-off, market should see little influence on rates as US Treasury rounds up this week's supply with $70B 4- and 8W bill auctions at 1130ET.
  • Cash yields lower, 10s -.0219 at 4.5898%, 30s -.0188 at 4.7140%, curves mildly flatter after bear steepen this week, 2s10s -1.360 at 37.656.
  • Switching to Sep'24 futures the day before First Notice, heavier volumes overnight with TYU4 over 480k vs. 199k TYM4. Despite this morning's bounce, Treasuries remain vulnerable to a bearish theme after Wednesday's reversal extension from the May 16 high. The Sep'24 10Y contract has pierced 108-02+, the 76.4% retracement of the Apr 25 - May 16 climb.
  • Scheduled Fed speakers include NY Fed President Williams speech at the Economics Club of NY (text, Q&A) at 1205ET; Dallas Fed President Logan will participate in a moderated Q&A in El Paso at 1700ET.
  • Moderate US$ corporate bond issuance limited to Bank of Bahrain & Kuwait 5Y, National Bank of Kuwait 6NC5 today.