MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Tsys Lower Pre-CPI, Supply, And Possible Asset Purchase Tweaks

US TSYS SUMMARY
Treasuries have headed steadily lower for most of the overnight session, ahead of inflation data, multiple speakers, and 30-Yr supply. NY Fed's op purchase schedule release also merits watching.
  • A bit of bear steepening in the curve: the 2-Yr yield is up 0.6bps at 0.1729%, 5-Yr is up 2.1bps at 0.9017%, 10-Yr is up 2bps at 1.6854%, and 30-Yr is up 1.3bps at 2.3465%. Jun 10-Yr futures (TY) down 4/32 at 131-16 (L: 131-12 / H: 131-23.5)
  • The focal point of the session is the 0830ET release of March CPI data. Earlier, NFIB small biz optimism came in at 98.2 in March (vs 98.5 exp.)
  • A slew of Fed speakers, too, though we've heard from all of them recently. Separately at 1200ET are Philly's Harker and Richmond's Barkin, while KC Pres George intros a Minn Fed event on "Racism and the Economy" at that time. SF's Daly moderates a panel at that event starting 1315ET, and also at the event at 1450ET, Atlanta's Bostic, Cleveland's Mester and Boston's Rosengren participate in a discussion. Bostic closes the event at 1515ET.
  • In supply, Monday's 3-/10-Yr sales are followed up by $40B 42-day bill auction at 1130ET, and $24B 30Y Bond auction at 1300ET.
  • No NY Fed operational purchases, but we get a schedule update at 1500ET - which could show an adjustment in the composition of purchases (as alluded to by SOMA head Logan last week).
BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.