MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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

Risk Appetite Gains Momentum

US TSYS

Tsy well bid across the board holding narrow range since midmorning after 30YY fell to 4.2216% lows, FI mkts continues to reassess rate hike expectations for year end after SF Fed Daly voiced concern over tightening monetary policy too much last Friday.

  • Yields curves bull flattening (2s10s -12.933 at -39.575) despite the strong support in short end as hike expectations for Dec move closer to 50bp than last week's 75bp pricing.
  • Risk appetite gains momentum as stocks trade higher for third consecutive session: SPX emini +59.0 at 3868.25 (Sep 21 levels) not far from 3923.88: 50.0% retracement of the Aug 16 - Oct 13 downleg
  • Softer than expected data contributing to today's moves while Tsy held gains, little react after $42B 2Y note auction (91282CFQ9) tailed: 4.460% high yield vs. 4.447% WI; 2.59x bid-to-cover vs. 2.51x prior.
  • The 2-Yr yield is down 3.2bps at 4.4728%, 5-Yr is down 11.2bps at 4.2503%, 10-Yr is down 15.7bps at 4.0854%, and 30-Yr is down 14.6bps at 4.2324%.
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.