CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

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

Turning Lower Ahead Of ECB, Jobless Claims

US TSYS SUMMARY

Treasuries have turned lower in the European morning after gaining in Asia-Pac trade overnight, but limited price action overall with the European Central Bank decision eyed at 0745ET (press conf at 0830ET).

  • Jun 10-Yr futures (TY) down 1/32 at 132-16 (L: 132-15.5 / H: 132-24.5). Highs hit overnight on a variety of headlines, including on US-Iran talks perhaps not as advance as had been suggested; COVID soaring in India; US fiscal (wrangling over infra bill size; Senate Republicans staking out showdown over debt ceiling).
  • The 2-Yr yield is unchanged at 0.1472%, 5-Yr is up 0.8bps at 0.805%, 10-Yr is up 0.7bps at 1.5627%, and 30-Yr is up 0.5bps at 2.2551%.
  • Equities trading sideways and the dollar failing so far to find decisive direction.
  • We get data for the first time this week: jobless claims at 0830ET; at same time we get Chicago Fed nat'l activity index. Later at 1000ET is existing home sales and Mar leading index, followed at 1100ET by KC Fed manufacturing.
  • In supply, we get $80B in 4-/8-week bills at 1130ET, with $18B 5Y TIPS auction at 1300ET - and note end-of-month coupon announcement at 1100ET. NY Fed buys ~$1.750B of 20-30Y Tsys.
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.