MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Treasury Futures Firmer Ahead of FOMC Minutes

US TSYS
TYH4 is currently trading at 109-29, down - 01 from New York closing levels
Treasury were given modest support on Tuesday following a larger than expected 25bp reduction in 5Y LPR during the Asia session and drew additional support after Canadian CPI data came out lower than expected (+2.9% vs. +3.2% est, +3.4% prior).
  • Mar'24 10Y Futures saw some weakness towards the end of the US session on Tuesday, closing off daily highs of 110-05 to be 109-30 as Asia logs in, we still sit below initial technical resistance at 110-17 (Feb 15 high), while technical support holds at 109-17/15 (50.0% of Oct 19 - Dec 27 climb / Low Feb 16).
  • Yield curves were steeper on Tuesday the 2Y yield close -2.9bps lower at 4.612%, 10Y yield -0.4bp lower at 4.275%, while the 2s10s +2.801 at -33.652 vs. -31.373 high
  • There was little in the way of reaction to US data, as Jan. Leading Indicator -0.4% M/M vs. -0.3% est, US Philly Fed Non-Mfg index -8.8 vs . -3.7 prior.
  • Looking ahead later today - MBA Mortgage Applications, FOMC meetings minutes, Chicago Fed Nat Activity Index, Jobless Claims, S&P Global US PMI, and New & Existing Home Sales
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.