MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

Treasury Sell Off Gathers Pace

US TSYS
  • Cash Treasuries have sold off a further ~7bps across most of the curve with only the very long end outperforming despite relatively little change in Fed hiking expectations. Tsys slightly lag the sell-offs in Bunds, Gilts on the day.
  • The largely level shift in the curve sees 2s10s remains in the 15-20bps range of the past few days, having been -10bps at the start of last week as QT plans helps boost longer-term yields. The 10YY earlier touched the highest since Jan-2019.
  • 2YY +7.2bps at 2.584%, 5YY +7.4bps at 2.827%, 10YY +7.4bps at 2.774%, 30YY +5.8bps at 2.775%.
  • TYM2 sits 15+ ticks lower at 119-20+ having again touched a new cycle low of 119-17 earlier on average volumes. The break lower confirms a resumption of the primary downtrend and maintains the bearish price sequence of lower lows and lower highs. Beyond the intraday low, next support is eyed at 119-04+ (low Dec 3 2018 cont) whilst resistance is 121-06+ (Apr 7 high).
  • Fedspeak: Bostic, Bowman opening remarks, Waller closing remarks at event starting 0930ET, Evans on mon pol at 1240ET plus an addition in NY Fed’s Williams at 1200ET.
  • Bill issuance: US Tsy $57B 13W, $48B 26W bill auctions (1130ET)
  • Bond issuance: YS Tsy $46B 3Y note auction (1300ET)
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.