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

Recent Cheapening Sees Back Little Changed With FOMC Eyed

US TSYS
  • Cash Tsys have seen some cheapening pressure as the US comes in, taking to lows for the day seen just after the open before a bid developed through Asia hours despite a lack of drivers.
  • Benchmark tenors remain off yesterday’s lows but the recent move is reminiscent of Tuesday's sell-off having more than reversed the CPI-induced rally with no single headline driver but potentially helped by China cutting short-term rates and hopes of further stimulus, decent increases in near-term bill issuance and front end Gilts slumping.
  • 2YY +0.5bp at 4.671%, 5YY +0.5bp at 3.996%, 10YY +0.4bp at 3.817%, 30YY +0.9bp at 3.929%.
  • TYU3 trades 4+ ticks higher at 112-26 off joint day lows of 112-24. Having cleared key support at 112-29+ yesterday, initial support is seen at those lows of 112-20+ which stopped short of 112-16 (Fibo retracement of Mar 2 – May 4 rally).
  • Fed: FOMC announcement (1400ET), Chair Powell press conference (1430ET)
  • Data: PPI lands at 0830ET with the usual implications for core PCE due Jun 30, plus weekly MBA data (1200ET)
  • Bill issuance: US Tsy $46B 17W bill auction (1130ET)
BulletMarketsFixed Income BulletsHomepageFOMC Calendar Market News

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.