-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTreasuries Steady, Fed Tone Remains Balanced
TYH4 is currently trading at 111-04, - 02 from New York closing levels.
Treasuries maintained relatively tight ranges throughout the US session. MBA Mortgage Applications reported a 3.7% increase, up from -7.2% prior. Trade Balance came in -$62.2B slightly below the estimated -$62.0B (compared to the prior -$63.2B), while the 10Y auction saw decent demand.
- Mar'24 10Y futures were modestly weaker during the US trading session, staying within a narrow range (TYH4 -3 at 111-06, 111-01 low/111-16.5 high). The yield curves were steeper for most of the day but flattened later in the trading session (2s10s -1.150 at -31.170).
- Fed Speakers were the continued focus during trading: MN Fed Kashkari mentioned he thinks 2-3 25bp cuts this year “ seems appropriate”, Fed Reserve Governor Adriana Kugler said she could not close the door to policy action at any upcoming meetings, including March, “Every meeting is live" while Fed Reserve Bank of Boston President Susan Collins said waiting until 12-month inflation hits 2% for the central bank to begin cutting interest rates would be waiting too long.
- Thursday Data Calendar: Weekly Claims, Fed Speak, 30Y Bond Sale.
Treasuries maintained relatively tight ranges throughout the US session. MBA Mortgage Applications reported a 3.7% increase, up from -7.2% prior. Trade Balance came in -$62.2B slightly below the estimated -$62.0B (compared to the prior -$63.2B), while the 10Y auction saw decent demand.
- Mar'24 10Y futures were modestly weaker during the US trading session, staying within a narrow range (TYH4 -3 at 111-06, 111-01 low/111-16.5 high). The yield curves were steeper for most of the day but flattened later in the trading session (2s10s -1.150 at -31.170).
- Fed Speakers were the continued focus during trading: MN Fed Kashkari mentioned he thinks 2-3 25bp cuts this year “ seems appropriate”, Fed Reserve Governor Adriana Kugler said she could not close the door to policy action at any upcoming meetings, including March, “Every meeting is live" while Fed Reserve Bank of Boston President Susan Collins said waiting until 12-month inflation hits 2% for the central bank to begin cutting interest rates would be waiting too long.
- Thursday Data Calendar: Weekly Claims, Fed Speak, 30Y Bond Sale.
Treasuries maintained relatively tight ranges throughout the US session. MBA Mortgage Applications reported a 3.7% increase, up from -7.2% prior. Trade Balance came in -$62.2B slightly below the estimated -$62.0B (compared to the prior -$63.2B), while the 10Y auction saw decent demand.
- Mar'24 10Y futures were modestly weaker during the US trading session, staying within a narrow range (TYH4 -3 at 111-06, 111-01 low/111-16.5 high). The yield curves were steeper for most of the day but flattened later in the trading session (2s10s -1.150 at -31.170).
- Fed Speakers were the continued focus during trading: MN Fed Kashkari mentioned he thinks 2-3 25bp cuts this year “ seems appropriate”, Fed Reserve Governor Adriana Kugler said she could not close the door to policy action at any upcoming meetings, including March, “Every meeting is live" while Fed Reserve Bank of Boston President Susan Collins said waiting until 12-month inflation hits 2% for the central bank to begin cutting interest rates would be waiting too long.
- Thursday Data Calendar: Weekly Claims, Fed Speak, 30Y Bond Sale.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.