MNI BRIEF: BOI Sees "Modest" Q2 EZ Growth Driven By Services

MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE APF on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Treasuries Bull Steepen With Risk On

US TSYS
  • Cash Tsys have largely moved lower since the late open with a Japanese holiday as part of risk on moves with S&P e-minis continuing Friday’s move higher although with another wave of earnings reports potential triggers ahead.
  • Relatively more restrained commentary from Fed officials leaning towards 75bps rather than 100bps next week has seen a modest bear steepening, doing little to change the recent inversion with 2s10s hovering only just above -20bps.
  • 2YY +2.7bps at 3.147%, 5YY +3.6bps at 2.0732%, 10YY +3.9bps at 2.954% and 30YY +3.5bps at 3.110%.
  • TYU2 trades 5+ ticks lower at 118-15 at the low end of Friday’s range on volumes still lagging after the Japanese holiday. There is a bullish focus, with resistance eyed at 119-06 (Jul 13 high) after which sits the bull trigger at 120-16+ (Jul 6 high).
  • Data: Limited to NAHB housing market with a modest cooling expected before TIC flows late on.
  • Bill issuance: US Tsy $54B 13W, $42B 26W bill auctions – 1130ET
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.