MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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 Rally After 2YY Approaching 5% Attracts Demand

US TSYS
  • Treasuries have rallied with outright yield levels attracting demand after 2s drifted back towards 5% after hotter than expected UK CPI (they topped out at 5.006% yesterday).
  • It sees 2Y yields currently back at 4.956% (-3.1bp) with yields down 1-3.5bps across the curve. The long end lags, perhaps aided by 20Y supply later on and after a strong steepening earlier in the week with 2s10s still at -31bps.
  • TYM4 trades at 107-25 (+ 03+) after another overnight session with heavy volumes, summing to 455k at typing.
  • Bears remain in the driver’s seat with support at yesterday’s fresh low of 107-13+ after which lies 107-07+ (Fibo projections).
  • Data: MBA mortgage data, Apr 12 (0700ET), TIC Flows Feb (1600ET)
  • Fedspeak: Beige Book (1400ET), Mester (1730ET), Bowman (1915ET)
  • Note/bond issuance: US Tsy $13B 20Y Bond auction re-open (1300ET). Last month's 20Y saw a rare strong auction but Thursday's 30Y saw its first tail in five auctions.
  • Bill issuance: US Tsy $60B 17W Bill auction (1130ET)
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.