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

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.