MNI China Daily Summary: Tuesday, March 21

MNI BRIEF: RBA Minutes Point To April Pause

MNI: PBOC Net Injects CNY153 Billion via OMOs Tuesday

ZEW Expectations Reflect Volatile Market Backdrop

Robust Start to Q1 EZ Construction

MNI: EUROZONE JAN CONSTRUCTION OUTPUT +3.9% M/M, +0.9% Y/Y

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
EQUITIES

Bitcoin and Equities at new intraday highs

GERMAN DATA

ZEW Expectations Reflect Volatile Market Backdrop

GERMAN AUCTION RESULTS

1.30% Oct-27 Green Bobl

EU-UK

ERG 'Star Chamber' To Hold Presser Outlining Views On Windsor Framework

OIL

Oil Traders See Market Fundamentals Getting More Bullish

OUTLOOK

Price Signal Summary - EUROSTOXX50 Bounce Extends

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

One-Way Sell-Off To Start Day One Of FOMC Meeting

US TSYS
BulletMarketsFixed Income NewsHomepage
  • Cash Tsys have seen a one-way sell-off after a late open with a Japan national holiday, potentially buoyed by reports which suggested that the US is studying ways to guarantee all bank deposits. In yield space, we have cleared yesterday’s highs across the curve to leave them within Friday ranges prior to the weekend UBS acquisition of Credit Suisse.
  • 2YY +10.2bp at 4.078%, 5YY +7.0bp at 3.660%, 10YY +4.5bp at 3.530% and 30YY +2.5bp at 3.691%.
  • TYM3 trades 16 ticks lower at 114-19 as it pulls back further from yesterday’s high of 116-24 that had come close to testing key resistance at 116-28+ (Jan 19 high). Instead, it next eyes support at 114-01+ (Mar 17 low). Cumulative volumes are at a more typical 300k after particularly elevated recent sessions.
  • Data: Philly Fed non-mfg Mar (0830ET), Existing home sales Feb (1000ET)
  • Note/bond issuance: US Tsy $12B 20Y Bond re-open (912810TQ1) (1300ET)
  • Bill issuance: US Tsy $34B 52W bill auction (1130ET)
156 words

To read the full story

Why Subscribe to

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.
  • Cash Tsys have seen a one-way sell-off after a late open with a Japan national holiday, potentially buoyed by reports which suggested that the US is studying ways to guarantee all bank deposits. In yield space, we have cleared yesterday’s highs across the curve to leave them within Friday ranges prior to the weekend UBS acquisition of Credit Suisse.
  • 2YY +10.2bp at 4.078%, 5YY +7.0bp at 3.660%, 10YY +4.5bp at 3.530% and 30YY +2.5bp at 3.691%.
  • TYM3 trades 16 ticks lower at 114-19 as it pulls back further from yesterday’s high of 116-24 that had come close to testing key resistance at 116-28+ (Jan 19 high). Instead, it next eyes support at 114-01+ (Mar 17 low). Cumulative volumes are at a more typical 300k after particularly elevated recent sessions.
  • Data: Philly Fed non-mfg Mar (0830ET), Existing home sales Feb (1000ET)
  • Note/bond issuance: US Tsy $12B 20Y Bond re-open (912810TQ1) (1300ET)
  • Bill issuance: US Tsy $34B 52W bill auction (1130ET)