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

SNAPSHOT: Brazil DI and Mex TIIE Swaps Curves Bear Steeper

LATAM
  • A volatile session for USDBRL leads to modest gains on Monday. Initial Real weakness saw USDBRL come very close to 5.30 before a strong reversal saw the pair trade back through Friday's close to fresh lows at 5.2292. With recent political wrangling favouring dip buying in the pair, supportive price action has brought USDBRL back into positive territory, +0.42% around 5.27. The currency weakness has prompted a steepening of the DI curve, with local 10-yr swap rates rising roughly 17 basis points.
  • TIIE swaps curve reversing some of the post Banxico relief rally, with local swap rates rising between 2-9bps in a bear steepening move.
    • USDMXN up 0.18% at 19.9152
    • USDBRL up 0.42% at 5.2691
    • USDCLP up 1.58% at 788.01
    • WTI Crude Oil (front-month) down $1.07 (-1.56%) at $67.38
    • Copper Futures down 6.4 (-1.46%) at 432.75
    • Brazil Ibovespa down 2044 points (-1.69%) at 119065
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.