Free Trial

Treasuries are trading weaker on....>

US TSYS SUMMARY: Treasuries are trading weaker on nonfarm payrolls Friday.
- The Mar 19 T-Note future is down 14.5/32 at 122-225, having traded in a range
of 122-215 to 123-075.
- Cash curve trading mixed: 2-Yr yield is up 4.6bps at 2.4247%, 5-Yr is up
6.4bps at 2.4223%, 10-Yr is up 5.1bps at 2.604%, and 30-Yr up 3bps at 2.9322%.
- MOFCOM confirming that China & the U.S. will hold vice-min level talks re:
trade on Jan 7-8 & news that the Japanese MoF, BoJ & FSA are set to convene re:
financial markets helped kick off a risk-on rally overnight.
- Coming up of course are US nonfarm payrolls at 0830ET and Fed Chair Powell's
panel appearance at 1015ET.
- NFPs forecast to rise by 180k in December after weaker-than-expected 155k rise
in November. The unemployment rate is expected to stay at 3.7% in the previous
three months, with annual revisions to the household survey possibly altering
the recent picture. Hourly earnings are forecast to rise by 0.3%.
- NFP whisper is 188k.

To read the full story



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.