MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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 Edge Lower, Curve Bear-Steepens, Labor Day Holiday

US TSYS
  • Treasury futures spent the Asian session on Friday trading in very tight ranges, we then saw a modest sell-off in the US session as solid activity data weighed again. Core PCE inflation was in line but consumer spending and MNI Chicago PMI surprised to the upside (softer UMichigan consumer inflation expectations helped limit the hawkish follow-through).
  • TUU4 closed -0-02¾ at 103-24¾ while TYZ4 closed the week at -0-10 at 113-18.
  • Cash treasury curves bear-flattened, yields were 2-5bps higher, with the 2yr yield +2.3bp to 3.917%, while the 10yr yield was +4.2bps at 3.903%, the 2s10s was +1.927 to -1.721.
  • Friday data: Personal Income 0.3% vs 0.2% est, Personal Spending 0.05% vs 0.5% est, MNI Chicago PMI 46.1 vs 44.8, Core PCE Price Index 0.2% vs 0.2% est, U. of Mich. Sentiment 67.9 vs 68.1
  • Projected rate cut pricing through year end has gained vs. early Friday levels: Sep'24 cumulative -33.5bp (-33.0bp), Nov'24 cumulative -66.2bp (-65.7bp), Dec'24 -100.1bp (-100.4bp)
  • Today the US market will be closed for Labor Day.
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.