TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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 Surge As Credit Suisse, European Banks Under Pressure

US TSYS
  • Cash Tsys have reversed earlier session cheapening with a significant 35bp intraday rally in 2Y yields for now down -18bps at 4.07% as Fed pricing continues to slide (now just 21bps of cumulative hikes priced for May peak). Moves are seen across the curve though, with 13-18bps rallies across benchmarks in spillover from European banks sliding, with CS earlier down 21% for its most on record with BNP and SocGen also under pressure. There’s still a heavy US data docket to come.
  • 2YY -18.4bps at 4.062%, 5YY -17.7bps at 3.678%, 10YY -15.4bps at 3.535% and 30YY -12.5bps at 3.679%.
  • TYM3 trades 23+ ticks higher at 114-19 (session high 114-20+) as volumes surge, moving closer to Monday’s high of 115-13. A sustained push higher could open the round 116-00.
  • Data: PPI Feb (0830ET), Retail sales Feb (0830ET), Empire mfg index Mar (0830ET), NAHB housing index Mar (1000ET), business inventories Jan (1000ET) and TIC flows Jan (1600ET) plus usual weekly MBA mortgage data (0700ET).
  • Bill issuance: US Tsy $36B 17W bill 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.