MNI BRIEF: PBOC Increases Gold Reserves

MNI BRIEF: Japan Q3 GDP Revised Up On Net Exports, Capex

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI China Daily Summary: Friday, December 6

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Resume Climb Off Four Week Lows, Weaker Stocks, Soft Swiss CPI

US TSYS
  • Treasuries continue to climb off last week's 4 week lows this morning, a combination of weaker global equities and lower than expected Swiss CPI inflation data contributing to the move.
  • Midmorning data on tap: JOLTS Job Openings and Factory/Durables/Cap Goods Orders at 1000ET. The Fed remains in policy Blackout through June 13. US Treasury auctions $60B 42D Bill CMBs at 1130ET. Main focus this week is on Friday's headline employment figures for May, Bbg mean survey est at +185k vs. +175k prior.
  • Cash yields are currently running mildly lower: 2s -.0085 at 4.7995%, 10s -.0078 at 4.3806%, 30s -.0067 at 4.5309%, while curves look mildly mixed: 2s10s -0.129 at -42.299, 5s30s +0.573 at 13.500.
  • Meanwhile, Sep'24 10Y Treasury futures are trading back near mid-May highs, TYU4 at 109-22 (+4) vs. 109-23 high after breaching technical resistance of 109-12.5 yesterday (50-day EMA).
  • Monday's move clear break and signals scope for a continuation higher near-term. Sights are on 109-28 next, the May 17 high. On the flipside, any resumption of bearish activity would instead refocus attention on support at 107-31.
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.