MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

Picking Up Where Rates Left Off

US TSYS
  • Cash Tsys firmer as US markets return from Christmas holiday, quiet overnight with European markets closed for Boxing Day.
  • Tsys inside relatively narrow overnight range and near Friday's close. March'24 10Y futures (TYH4) currently +2.5 at 112-21.5 vs. 112-24 intraday high, very light volume at just over 38k. Initial technical resistance above at 113-04.5 (Dec 21 high), followed by 113-12+, a Fibonacci projection point. Key short-term support is at 109-31+, the Dec 11 low. Initial firm support is at 111-09+, the Dec 7 high.
  • Projected rate cuts for early 2024 holding steady to mildly softer vs. Friday with short end futures weaker: January 2024 cumulative -3.5bp at 5.293%, March 2024 chance of rate cut -86.3% vs. -90.1% late Friday w/ cumulative of -25.1bp at 5.077%, May 2024 pricing in slightly more than 25bp cut with cumulative -52.4bp at 4.804%, June'24 cumulative -79.5bp at 4.532%. Fed terminal at 5.325% in Jan'24.
  • Tuesday Data Calendar: Chicago Fed Nat Activity and Philadelphia Fed Non-Mfg Activity indexes scheduled at 0830ET followed by Dallas Fed Mfg Activity at 1030ET. FHFA House Price Index data at 0900ET. Busy day for US Treasury supply with $75B 13W and $68B 26W Bill auctions at 1130ET; $57B 2Y Note and $44B 52W Bill auctions at 1300ET.
  • No scheduled Fed speakers; Congress closed for the holidays.
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.