CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Rates Hold Weaker Range As Equities Make New All-Time Highs

US TSYS SUMMARY
Mildly weaker Tsy futures trading sideways since noon on light volume Friday, TYM1 just over 1M futures after the bell.
  • Largely two-way option related flow keeping the lights on, some moderate pin risk in May 10s, 132.5 strike with 65,527 options coming into the session (41,430 calls, 24,097 puts). Some selling ahead next week's front-ended Tsy auctions (2- and 5Y notes, 13- and 26W bills all on Monday; 2Y FRN and 7Y notes Tuesday) to make way for Wednesday's FOMC.
  • Stocks marched higher with Jun'21 S&P emini futures making new all-time highs in late trade of 4184.75. Upward trajectory all session after decent beat in US PMIs (Markit Services PMI 63.1 (EXP. 61.5, MAR 60.4); FLASH Composite PMI 62.2; (MAR 59.7)) and New homes sales ( +20.7% TO 1.021M SAAR).
  • Otherwise, relative sedate session as markets set sites on next Wednesday's FOMC policy annc.
  • The 2-Yr yield is up 1bps at 0.1575%, 5-Yr is up 2.8bps at 0.818%, 10-Yr is up 2.9bps at 1.5666%, and 30-Yr is up 3.1bps at 2.2491%.
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.