MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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 Further, Supporting Risk Assets

US TSYS
  • Cash Tsys see a continuation of yesterday’s sizeable rally, this time with the 2Y taking the outperformance reins from the 5Y with further decline in terminal and end’23 rate expectations for the Fed and the concentration in real yield space further supportive for risk assets.
  • Treasuries underperform European FI, particularly Gilts and BTPs, whilst we wait to see whether the US coming in drives a further acceleration as was the case yesterday.
  • 2YY -11.4bps at 4%, 5YY -10.4bps at 3.775%, 10YY -6.9bps at 3.57%, and 30YY -4bps at 3.639%.
  • TYZ2 trades 20+ ticks higher at 113-27 only just off an overnight high of 113-30 having cleared resistance at the 20-day EMA of 113-27+. With the correction extends, the next resistance is eyed at 114-31+ (38.2% retrace of Aug 2 – Sep 28 bear leg).
  • Data: August releases factory orders/final core durables and JOLTS
  • Fedspeak: Logan, Williams, Mester, Jefferson, Daly
  • Bill issuance: US Tsy $34B 52-W bills auction – 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.