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

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: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

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 Off Lows, As Market Digests US CPI

US TSYS

TYH4 is currently trading at 109-21+, down 01+ from New York closing levels. Treasuries maintained a tight range in Asia, with TYH4 briefly dipping to new lows at 109-16+ during the morning session, rebounding quickly to settle around 109-21.


  • Mar'24, 10Y futures opened slightly lower, reaching new lows at 109-16+, a level unseen since late Nov'23 and marking initial technical support (50.0% of the Oct 19 - Dec 27 bull phase). The quick reversal brought them back to 109-21, where they held for the rest of the session. Mar'24 2Y futures performed better, trading off overnight lows of 101-28.75 and gradually climbing to 101-31.125.
  • Cash yield curves steepened in Asia, with the 2Y yield, 3bps lower at 4.468%, while the 10Y yield is 0.6bp lower at 4.308%.
  • A quiet session for headlines, notable ones include Yellen participating in American events later today, and Democrat Suozzi winning the New York House Race.
  • December 2024 expectations and cumulative easing stand at 4.41%, -92bps (FOMC) vs 4.45%, -58bps (BOC); 3.98%, -34bps (RBA); and 5.22%, -45bps (RBNZ).
  • Looking ahead, Wednesday's data focuses on PPI revisions and US MBA Mortgage Applications, with Fed speakers Chicago Fed Goolsbee and Fed VC Barr scheduled.
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.