TEST, PLEASE IGNORE

MNI BRIEF: Fed's Williams Still Sees Rate Cuts This Year

MNI China Daily Summary: Monday, April 15

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

MNI UK Inflation and Labour Preview - April 2024 Release

EZ/UK Bond Supply Calendar: Dutch DDA, gilts, RFGBs Due Tuesday

Bundesbank Weekly Activity Index Drops To 5-Month Low

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Treasuries Resume Yesterday’s Surge, 10Y TIPS Later

US TSYS
  • Cash Tsys have resumed yesterday’s surge (led by US retailer cost pressure warnings) through the European session after a brief period of respite overnight on throughput ticking up at the Shanghai port and positive developments surrounding Shanghai’s removal of Covid restrictions.
  • In a change to yesterday where resilient Fed hike expectations somewhat pinned the front-end of the curve and drove a sizeable flattening, this morning’s rally has been largely across the curve (2s10s 21bps).
  • 2YY -5.2bps at 2.618%, 5YY -6.3bps at 2.828%, 10YY -6.0bps at 2.824% and 30YY -5.1bps at 3.013%.
  • TYM2 sits 15 ticks higher at 119-29 on strong volumes from an earlier high of 119-30+. They move within touching distance of resistance at 120-00+ (May 12 high) after which lies 120-18+ (Apr 27 high).
  • Bond issuance: US Tsy $14B 10Y TIPS auction re-open (91282CDX6) – 1300ET
  • Bills issuance: US Tsy $35B 4W, $30B 8W bill auctions – 1130ET
  • Data: Philly Fed of note as a similar slide to that seen in Monday’s Empire mfg survey could add fuel to the rates rally, along with existing home sales for April.
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.