MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

Tsy Yield Curves Reverse Early Flattening

US TSYS
Tsys see-sawed in weaker range all session, near lows after the bell. Generally quiet end to the week: no react to Wholesale inventories (2.5%)/trade sales (1.7%) earlier. Two-way positioning/squaring up ahead the weekend, markets keeping wary eye on geopol headline risk re: Russia war in Ukraine, continued global sanctions.
  • Yield curves inched steeper, however, after trading flatter in early trade. Currently, 2s10s nearly 30bp off Sunday evening inverted low of -9.531 at +19.542 (+.320) while 3s, 5s and 7s remain inverted vs. 10s (-1.872, -4.547, -8.477 respectively).
  • Limited data (NY Fed survey of consumer expectations at 1100ET) kicks off next week's shortened* pre-Easter holiday trade though several Fed speakers scheduled on Monday:
    • Atl Fed Bostic open remarks: Fed Listens event in Nashville; Fed Govs' Bowman and Waller closing remarks at same event at 0930ET
    • NY Fed John Williams CME/Economic Club of New York event
    • Chicago Fed Evans economic outlook at 1240ET
  • Treasury supply:
    • US Tsy $57B 13W, $48B 26W bill auctions at 1130ET
    • US Tsy $46B 3Y Note auction (91282CEH0) at 1300ET
  • * Note: CME floor closes early Thursday, April 14 at 1300ET, markets closed next Friday for Easter holiday.
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.