MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

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

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

Steady Gains For TYs Overnight Ahead Of Jobless Claims

US TSYS SUMMARY

After a steady rise from Wednesday's lows through Thursday's overnight trade, TY's are pretty much where they were 24 hours ago despite a fair bit of price action in the interim.

  • That said, the curve remains a little flatter vs 24 hours ago despite belly outperformance today (2s30s and 5s30s ~2bps lower vs 0630ET Weds). The 2-Yr yield is down 0.2bps at 0.1532%, 5-Yr is down 1.6bps at 0.8405%, 10-Yr is down 1bps at 1.6608%, and 30-Yr is down 0.7bps at 2.3626%.
  • Jun 10-Yr futures (TY) up 5/32 at 132-6 (L: 132-01 / H: 132-09), normal volumes (~260k).
  • Equities have retraced some of their overnight gains but holding above Wednesday's lows so far; dollar trading a little weaker.
  • Data today centres around 0830ET's releases: jobless claims and May Philly Fed.
  • As yesterday's FOMC minutes release continues to be digested, Dallas Fed's Kaplan (undoubtedly one of the "number of participants" that said it "might be appropriate at some point in upcoming meetings" to begin talking about a taper) takes part in a moderated discussion at 1030ET.
  • Of possible interest on the fiscal front: Transport Sec Buttigieg testifies about infrastructure @ Senate Banking Committee at 1000ET.
  • In supply, 1130ET sees $80B in 4-/8-week bills auctioned; $13B in 10Y TIPS at 1300ET. NY Fed buys ~$2.025B of 22.5-30Y Tsys.
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.