MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Tsys Futures Steady Ahead Of US ISM Data Later

US TSYS
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • Treasury futures are little changed today, although off session lows. Volumes have been on the low side today, while earlier we did see a FV/WN block steepener trade.
  • Tsys futures are trading below Friday's levels although slightly higher than the morning's opening levels with TUZ4 is -0-00⅛ at 103-24⅜ while TYZ4 is +0-02 at 113-17
  • The 2yr yield is trading +1.3bps at 3.929%, while the 10yr is trading +1bps at 3.913%, with the 2s10s -0.74 at -1.796.
  • August ISM Mfg is expected to rebound a touch to 47.5 according to BBG consensus, up from 45.8 in July.
  • Projected rate cut pricing through year end has cooled 1bps vs. early Friday levels: Sep'24 cumulative -32.7bp (-33.0bp), Nov'24 cumulative -65.3bp (-65.7bp), Dec'24 -98.9bp (-100.4bp)
  • Today, S&P Global US Manufacturing PMI following by Construction Spending & ISM Manufacturing
  • We also have Treasury to auction $76 billion 3-month bills, $70 billion 6-month bills, $46 billion 1-year bills & $65 billion 42-day bills
152 words

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.
  • Treasury futures are little changed today, although off session lows. Volumes have been on the low side today, while earlier we did see a FV/WN block steepener trade.
  • Tsys futures are trading below Friday's levels although slightly higher than the morning's opening levels with TUZ4 is -0-00⅛ at 103-24⅜ while TYZ4 is +0-02 at 113-17
  • The 2yr yield is trading +1.3bps at 3.929%, while the 10yr is trading +1bps at 3.913%, with the 2s10s -0.74 at -1.796.
  • August ISM Mfg is expected to rebound a touch to 47.5 according to BBG consensus, up from 45.8 in July.
  • Projected rate cut pricing through year end has cooled 1bps vs. early Friday levels: Sep'24 cumulative -32.7bp (-33.0bp), Nov'24 cumulative -65.3bp (-65.7bp), Dec'24 -98.9bp (-100.4bp)
  • Today, S&P Global US Manufacturing PMI following by Construction Spending & ISM Manufacturing
  • We also have Treasury to auction $76 billion 3-month bills, $70 billion 6-month bills, $46 billion 1-year bills & $65 billion 42-day bills