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

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

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

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

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

Twist Flattening Into Start Of FOMC Meeting

US TSYS
  • Cash Tsys see a modest twist flattening after yesterday’s bear steepening, as a re-firming of Fed hike expectations ahead of tomorrow’s FOMC decision supports the front-end whilst long-end yields dip slightly after rising sharply yesterday.
  • 2YY +2.1bps at 2.754%, 5YY +0.0bps at 3.005%, 10YY -1.1bps at 2.967%, 30YY -1.8bps at 3.015%.
  • TYM2 is up just 3 ticks at 118-14 as it largely consolidates yesterday’s move lower, with volumes back at average after a light session with London out. Initial support at the earlier low of 118-04+ whilst key resistance sits at 120-18+ (Apr 27 high).
  • Data: Today’s pick is likely JOLTS for March for further signs of labour market tightness, but we also get finalised durable goods for March plus Wards vehicle sales for April.
  • No issuance until Thu, kicked off by 4W and 8W bills.
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.