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

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

Treasuries Drift Richer On Very Light Volumes Pre-PCE

US TSYS
  • Cash Tsys are close to session highs, sitting 2-3bps richer, having more than retraced an initial overnight cheapening with some support from negative UK GDP revisions appearing to outweigh stronger retail sales data.
  • 2s have remained within yesterday’s range throughout whilst subsequent benchmarks had briefly drifted lower but are now back firmly within it.
  • TYH4 trades close to the day’s high of 112-28+ on particularly low volumes of just 150k. The trend needle still points north, near initial resistance at yesterday’s high of 113-04+ after which lies 113-12+ (Fibo projection of Oct-Nov price swing).
  • Today’s docket is heavily data-focused, led by the monthly PCE report for Nov at 0830ET after yesterday’s Q3 data saw core PCE inflation revised down sharply from 2.3% to 2.0% annualized in the third reading. Recall Chair Powell saw it at 3.1% Y/Y in Nov and the median FOMC participant looks for 3.2% in 4Q23.
  • Other releases: Preliminary durable goods Nov (0830ET), U.Mich consumer survey Dec final (1000ET) New home sales Nov (1000ET), Kansas City Services Dec (1100ET)
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed 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.