MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

MNI BRIEF: Pay More Attention To ECB Scenarios - Schnabel

MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

US Treasury Auction Calendar

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Resumption of Selling Pressure With Powell Eyed Tomorrow

US TSYS
  • Treasuries have more than unwound an early rally on spillover from softer than expected German regional CPI inflation, reversing as the harmonised measure was more stubborn than the national CPI equivalent suggested. This was followed by heavier corporate issuance, the highlight being Amazon kicking off a five-part dollar bond sale, which helped set the trend for the much of the session, a few gyrations aside.
  • Treasuries see an extension of selling pressure late on, with cash yields 3.5-8bps higher on the day, with the long end leading the move cheaper.
  • TYH3 sits at 112-30 (-9+ ticks on the day) having touched new session lows of 112-28 to come close to testing support at the 50-day EMA of 112-24.
  • A return to a heavier docket tomorrow, headlined by Powell but also with GDP, ADP and MNI Chicago PMI plus additional Fedspeak from Governors Bowman and Cook.
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.