MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Treasuries Pare Gains But Softer Data Still Set The Tone

US TSYS
  • Front end Tsys have seen a sizeable paring of gains through the session, with the 2YY of 3.786% off a fleetingly touched low of 3.642% after the ISM Services miss. It has now even unwound some of the initial rally on weaker ADP employment but yields are still 4bps lower on the day.
  • 2s10s are back near the lower end of the day’s range at -49bp, with very brief post-ISM highs of -37bp and lows of -52bps prior to the US coming in.
  • TYM3 at 116-15+ remains off earlier highs of 116-30 having got close to the bull trigger at 117-01+ (Mar 24 high).
  • A similar story in near-term rates space, unwinding earlier declines but still down on the day: Fed Funds imply 10bp hike for May FOMC, before 39bp of cuts from current effective to 4.44% (-7bps) and 78bp of cuts to 4.05% year-end (-8bp).
  • Bullard (non-voter) set to discuss the economic outlook with text + Q&A tomorrow
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.