MNI BRIEF: China SME Index Down Slightly In May

MNI: PBOC Net Drains CNY2 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1135 Tues; -1.61% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1135 TUES VS 7.1106

MNI BRIEF: HNB Flash Analysis Sees May CPI, Core At 4.0%

Pay data sticky in finance, business and manufacturing

Labour market data broadly in line with expectations

MNI: UK MAY PAYROLLS -3k TO 30.3 MN: HMRC/ONS

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

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

Sideways Trade Ahead Of Powell

US TSYS SUMMARY

Tsy yields have edged down from session highs with futures steady and rangebound ahead of Fed Chair Powell's Congressional appearance.

  • Mar 10-Yr futures (TY) up 1/32 at 135-11.5 (L: 135-07.5 / H: 135-15.5)
  • The 2-Yr yield is unch at 0.1108%, 5-Yr is down 0.5bps at 0.5938%, 10-Yr is unch at 1.3653%, and 30-Yr is up 1.1bps at 2.1838%.
  • Powell appears before the Senate Banking Committee at 1000ET to deliver the Semiannual Monetary Policy Report. Prepared statement typically released for this at 0830ET.
  • As we await Powell, stock weakness has stolen most of the headlines, with the Nasdaq futs off 2+% early (for good measure, Bitcoin off 17% at one point). USD bouncing from early lows too.
  • In data: consumer confidence and Richmond Fed manufacturing at 1000ET.
  • In supply, 1130ET sees auction of 42-day bills for $30B and 52-week bills for $34B; at 1300ET, $60B 2Y Note auction. NY Fed buys ~$2.425B of 1-7.5Y TIPS.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.