BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

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

STIR: Dovish WSJ Fed Article Triggered Fresh Longs In SOFR Front End

STIR
BulletMarketsFixed Income Bullets

OI suggests that sizeable fresh net longs were added in SFRU4 & Z4 on Thursday. 

  • The rally in the front end came as WSJ Fed watcher Timiraos’ Fed preview reintroduced greater odds of a 50bp cut at the upcoming meeting, although the piece didn’t provide as firm a steer as some of his prior work (more on that here).
  • Net pack swings from the reds to further out were more limited, with only a couple of pockets of notable positioning moves in individual contracts (long cover in SFRM5 and short setting in SFRZ5).

 

Keep reading...Show less
112 words

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.

OI suggests that sizeable fresh net longs were added in SFRU4 & Z4 on Thursday. 

  • The rally in the front end came as WSJ Fed watcher Timiraos’ Fed preview reintroduced greater odds of a 50bp cut at the upcoming meeting, although the piece didn’t provide as firm a steer as some of his prior work (more on that here).
  • Net pack swings from the reds to further out were more limited, with only a couple of pockets of notable positioning moves in individual contracts (long cover in SFRM5 and short setting in SFRZ5).

 

Keep reading...Show less