MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Post-Existing Home Sales Miss React

US TSYS
BulletMarketsFixed Income BulletsHomepage
  • Treasury futures show little reaction to weaker than expected Existing Home Sales 4.14M vs. 4.22M est, prior up-revised to 4.22M from 4.19M; MoM: -1.9% vs. 0.8% est, while prior up-revised to -3.7% from -4.3%.
  • Treasury futures still weaker but off early session lows as they tracked EGB's rebound off UK CPI-tied lows early overnight. Jun'24 10Y futures currently -5.5 at 109-02 vs. 108-28.5 low (just through 108-29 technical support: 20-day EMA). Curves flatter, near lows, 2s10s -1.660 at -43.528.
  • Rate cut projections recede vs. late Tuesday levels (*): June 2024 at -5% w/ cumulative rate cut 1.2bp at 5.323%, July'24 at -18.0% (-20%) w/ cumulative at 5.8 (-6.3bp) at 5.278%, Sep'24 cumulative -18.3bp (-19.9bp), Nov'24 cumulative -26.1bp (-27.6bp), Dec'24 -40.2bp (-43.7bp).
119 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.
  • Treasury futures show little reaction to weaker than expected Existing Home Sales 4.14M vs. 4.22M est, prior up-revised to 4.22M from 4.19M; MoM: -1.9% vs. 0.8% est, while prior up-revised to -3.7% from -4.3%.
  • Treasury futures still weaker but off early session lows as they tracked EGB's rebound off UK CPI-tied lows early overnight. Jun'24 10Y futures currently -5.5 at 109-02 vs. 108-28.5 low (just through 108-29 technical support: 20-day EMA). Curves flatter, near lows, 2s10s -1.660 at -43.528.
  • Rate cut projections recede vs. late Tuesday levels (*): June 2024 at -5% w/ cumulative rate cut 1.2bp at 5.323%, July'24 at -18.0% (-20%) w/ cumulative at 5.8 (-6.3bp) at 5.278%, Sep'24 cumulative -18.3bp (-19.9bp), Nov'24 cumulative -26.1bp (-27.6bp), Dec'24 -40.2bp (-43.7bp).