Trial now

PREVIEW: 5-Year Supply Due


Futures Hit Contract High


Equities Dip Lends Support


MPC Meeting Minutes Released

US TSYS: T-Notes operate just shy of settlement levels at writing, last -0-02 at
- Thursday saw the early pressure stemming from the SCMP source story unwound
and more, as comments from the U.S. administration & Chinese foreign ministry,
in addition to various source reports and what is becoming the daily combative
tweet from the Editor in Chief of China's Global Times helped to walk back the
initial, questionable, optimism surrounding the upcoming Trump-Xi meeting,
although once again, none of these reports outlined anything particularly new.
- Potential that early month-end flows also did some of the lifting.
- The latest round of 7-Year supply was relatively well received, especially
given the rally ahead of the bidding deadline and the fact that the auction came
in the wake of a tailing 5-Year auction. The auction stopped through, with
direct participation edging higher at the expense of both dealers and indirects.
- The G20 summit, in addition to PCE data & the Chicago PMI present the
highlights of today's session. We will also hear from Fed's Daly for a third
consecutive day, after she offered little new on Thursday.
MNI London Bureau | +44 0203-865-3809 |