MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

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

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 Futures Continue Grind Higher

US TSYS

TYH4 is currently trading at 110-07, up + 06+ from New York closing levels.

Treasury futures are grinding higher as trading in Asia gets underway, there has been no catalyst for the trend higher as investors position for the up coming data releases later today.

  • Mar'24, 10Y futures have opened steadily in Asia, and have been trending upwards, breaking above the highs from Wednesday to trade at 110-07+, volumes still remain of the lower side.
  • Key levels to watch include initial support at 109-17 (50.0% of the Oct 19 - Dec 27 bull phase). A break below here could open up new yearly lows and a test of 109-05+ (lows of Nov 28). To the upside, initial resistance lies at 110-16 (the lows from Feb 9th), while a break above opens up a move to 111-06 (20-day EMA).
  • Cash yields move are 2-4bps lower in Asia, with the bear flattening theme from the US Session continuing. The 2Y yield is -1.7bp lower at 4.561%, the 10Y yield is -2.7bp lower at 4.228%, while the 2y10y is +0.8 at -33.094
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.