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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

The steady appetite for risk since.....>

US TSY FLOWS
US TSY FLOWS: The steady appetite for risk since NFP faltered Wed, rates broke
higher early w/Bunds on German finmin headlines re: stimulus. Large Tsy call
option buy (100k TYZ 131 calls) in addition to over +13k TYZ futures block buys
continued to support Tsys through midmorning.
- But it was midday headlines that US/China official will delaying trade talk to
December followed by Europe NOT the US would be continent where deal MAY be
signed if one can be agreed upon. Rates gap lower then surge back to near
session highs. Despite trade apprehension, chances of fourth rate cut in
December remained below 10%.
- In addition to option hedging and block buys, flow included decent deal-tied
hedging, program, prop and fast$ buying across the curve on headlines. Strong US
Tsy $27 10Y note auction (912828YS3) stopped through: awarded 1.809% rate
(1.590% in October) vs. 1.818% WI; 2.49 bid/cover (2.46 previous). Indirects
drew 64.54% vs. 58.53%, directs 12.37% vs. 12.79%, and 23.09% for dealers.
- The 2-Yr yield is down 2bps at 1.6045%, 5-Yr is down 3.6bps at 1.6278%, 10-Yr
is down 4.3bps at 1.8159%, and 30-Yr is down 3.9bps at 2.2994%.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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.