MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

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

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

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

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

Unemployment Falls To 11.3% In Q2, Driven By Services

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

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

Quietly Back To Pre-Open Range

US TSY FUTURES

Futures have quietly drifted back to pre-NY open levels, weaker across the board to around middle of overnight range. Heavy overall volumes closer to average when taking surge in March/June rolls into account.

  • Active participants have migrated to sidelines ahead Fed Chair Powell's semi-annual mon-pol testimony to Senate Banking Comm at 1000ET Wed. Note, officials have pre-released the testimony around 0830ET for early perusal in the past have not as yet advised intention to do so. Incidentally, unless the Senate chooses to disclose the release time and the advisory comes from the Fed then the details are technically off the record and for planning only.
  • Meanwhile, strong buying earlier (fading last wk's sell-off as too far/too fast, and again after ECB LaGarde comment ECB is "CLOSELY MONITORING LONGER-TERM NOMINAL BOND YIELDS" Bbg) has run out of steam. Two-way flow on net with modest selling of intermediates to long end.
    Yield curves making new highs: 5s30s at 158.097 breaches 2015 triple top: 157.445.
  • Yield curves making new highs: 5s30s at 158.097 breaches 2015 triple top: 157.445.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income 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.