MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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

Oil Off Earlier Highs, But US Yields Holding Gains

CROSS ASSET

Oil has moved off earlier highs. Brent last above $84/bbl, versus earlier highs near $86.50/bbl. WTI is sub $80/bbl, still ~+5.5% higher for the session. US yields are holding close to session highs, 2-Year Yields sit at 4.1% up ~7bps and 10 Year -Yields are ~4bps higher at 3.51%.

  • This is keeping the USD mostly supported. The BBDXY is just off session highs, near 133.30/40, but hasn't been able to breach the 1234 level yet. NZD remains the weakest performer in the G10 space, down 0.50% to 0.6225, but has found some support sub 0.6620.
  • NOK is away from earlier highs, with USD/NOK last around 10.4600/50, only slightly positive in NOK terms for the session.
  • US equity futures remain in the red, with Nasdaq futures off by around double the Eminis fall. Regional equities are mixed, with some underperformance from tech related indices. Those bourses that are firmer, not many are recording gains beyond 0.50%.
  • CNH was weighed on the Caixin PMI miss, but is finding some selling interest above 6.8900, 1 month USD/KRW is slightly down from session higher, last in the 1316/17 region.
EM BulletHomepageCommoditiesEquitiesEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepageCommoditiesEquitiesEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.