MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

US MBA: REFIS -3% SA; PURCH INDEX +12% SA THRU NOV 22 WK

MNI: US MBA: MARKET COMPOSITE +6.3% SA THRU NOV 22 WK

MNI: FRANCE NOV CONSUMER SENTIMENT 90

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 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.