MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

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: Brazil Not Even Close To Fiscal Dominance - David

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

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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 Outperform Amidst Subdued Volumes

US TSYS
  • Cash Tsys sit modestly richer across the curve with gains mainly coming with the European open and since then holding for modest outperformance to core EU FI.
  • Headlines and flow are likely to be main drivers today in a session with very much second tier data (aside from any large surprises in revisions) and the Fed in media blackout. This week’s earnings calendar sees 45.5% of the S&P 500 report but it sees a slow start with only Coca Cola of note today before tomorrow’s string of major corporates.
  • 2YY -2.3bp at 4.159%, 5YY -3.3bp at 3.630%, 10YY -3.0bp at 3.541% and 30YY -2.4bp at 3.752%.
  • TYM3 trades 7 ticks higher at 114-22 on very subdued volumes of 170k. Recent activity appears to be a bear flag, with focus on support at 113-30+ (Apr 19 low) whilst to the upside sits resistance at 115-00 (Apr 21 high).
  • Data: Chicago Fed Nat Activity Index (0830ET), Retail sales and inventory revisions (1000ET), Dallas Fed Manf. Activity (1030ET)
  • Bill issuance: US Tsy $57B 13W, $48B 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.