MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

BoE Data Watch

BoJ Data Watch

Fed Data Watch

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

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

Reversing Some Post-FOMC Steepening

US TSYS

The Treasury curve is bull flattening, reversing some of Thursday's FOMC-related bear steepening.

  • Immediate attention is on the Bank of England decision (0800ET), while payrolls Friday is the next key US focal point.
  • The 2-Yr yield is down 0.4bps at 0.462%, 5-Yr is down 2.4bps at 1.1638%, 10-Yr is down 3.2bps at 1.5718%, and 30-Yr is down 2.7bps at 1.9937%.
  • Dec 10-Yr futures (TY) up 2/32 at 130-26.5 (L: 130-18 / H: 130-28.5).
  • Equity futures pointing to fresh all-time highs, while the dollar is stronger.
  • A few more labor market clues ahead of Friday's nonfarm payrolls: 0730ET is Challenger Job Cuts, with jobless claims and unit labor costs at 0830ET (as well as trade balance data).
  • House of Reps could vote today on infra and social spending bills, though unclear.
  • In supply: $35B in 4-/8-week bills at 1130ET. Prior to that, a pair of NY Fed purchase operations: $6.025B of 4.5-7Y Tsys at 1030ET, and $1.425B of 10-22.5Y Tsys at 1120ET.
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.