MNI BRIEF: US Labor Costs Increase 0.9%, Below Expectations

MNI BRIEF: ADP's Richardson Sees Normalizing US Labor Market

CANADA FLASH Q2 GDP ANNUALIZED +2.2%

MNI China Daily Summary: Wednesday, July 31

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -3.44M TO 433.0M JUL 26 WK

MNI: US NAR JUN PENDING HOME SALES INDEX 74.3 V 70.9 IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Solid Demand Metrics For 30Y Supply

JGBS AUCTION

30-year supply sees solid demand metrics, with the low price meeting dealer expectations (which stood at 96.10, per the BBG poll), the cover ratio increasing to 3.181x from 3.003x in January and the tail shortening.

  • Today's auction result falls in line with last week’s 10-year supply, which bucked recent trends and showed solid demand metrics.
  • As highlighted in the MNI Preview, today’s auction took place with an outright yield that was 15bps higher than the early January offering. Moreover, the 2/30 yield curve was 15bps steeper and the 10/30 curve was 5bps steeper than the levels observed in early January.
  • JGB futures have strengthened slightly after the lunch break.
  • The 30-year JGB is unchanged after initially richening 1bp in post-auction trade.
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.