MNI: UK DEC CPI +0.3% M/M, +2.5% Y/Y

MNI: UK PPI DEC INPUT -1.5% Y/Y, PPI OUTPUT 0.1% Y/Y

MNI: PBOC Net Injects CNY958.4 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1883 Weds; -2.29% Y/Y

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI China Daily Summary: Tuesday, January 14

MNI: SWEDEN FINAL DEC CPIF +1.5% Y/Y

MNI: UK DEC CPI +0.3% M/M, +2.5% Y/Y

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

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rates Extended Lows After Weak 10Y Tsy Sale, 3Bp Tail

US TSYS
  • Treasuries look broadly weaker after the bell, firmly below last Friday's pre-NFP levels. The Sep'24 10Y contract trades 112-29 (-15.5) after the bell, with initial technical support at 112-21 (Aug 2 low). Still inverted, Tsy curves bear steepened in the second half, 2s10s +4.412 at -4.317
  • Treasury futures gapped lower after the $42B 10Y auction (91282CLF6) tails 3bp: 3.960% high yield vs. 3.930% WI; 2.32x bid-to-cover is lowest since Dec'22 vs. 2.58x prior last month.
  • Early session calm saw a backlog of corporate debt issuance with $30B in high grade supply contributing to the second half sell-off.
  • Second tier data saw MBA composite mortgage applications jump to a seasonally adjusted 6.9% last week to fully reverse the prior two weekly declines.
  • Manheim used car prices increased a seasonally adjusted 2.8% M/M in July (revised up from the 1.8% indicated in the fifteen-day update), the first increase since Sep’23. It follows two consecutive -0.6% M/M declines in May/June and the heavier -2.3% in April.
  • Look ahead to Thursday: Weekly Claims, Wholesale Data and 30Y Bond Sale. Richmond Fed President Barkin will attend a NABE Webinar, moderated Q&A at 1500ET.
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.