MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

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

Tsys Firmer, Inside Session Range After Tsy Lowers Borrow Estimates

US TSYS
  • Treasuries are modestly higher after the bell, holding to a narrow session range, brief bounce after the Tsy borrow estimate decline from $847B to $740B announced.
  • There were no major surprises in Treasury's Marketable Borrowing Estimates (link), as the Treasury Department appears to take a middle-of-the-road approach on cash building ahead of the reinstatement of the debt ceiling at the start of 2025.
  • The TSY quarterly refunding annc is scheduled for Wednesday at 0830ET, along with ADP, PMI and the next FOMC policy annc. Friday sees the July nonfarm payrolls data.
  • Tsy Sep'24 10Y futures trade +5.5 at 111-12 vs. 111-16.5 high -- initial technical resistance followed by 111-17.5 (1.382 of Apr 25-May 16-29 swing). Curves continue to scale back from last week's steepening, 2s10s -2.129 at -21.274.
  • Projected rate cut pricing into year end look steady to mildly mixed vs. late Friday levels (*) -- Nov and Dec a touch: July'24 at -4% w/ cumulative at -1bp at 5.319%, Sep'24 cumulative -28.2bp (-28.4bp), Nov'24 cumulative -43.9bp (-45.1bp), Dec'24 -67bp (-67.9bp).
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.