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

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

Twist Flattening To Back Near Recent Flats

US TSYS
  • Cash Tsys have twist flattened as the front end continues to be pinned by rate hike expectations and the longer end rallies on broader risk-off sentiment from Russia-Ukraine.
  • The 2s10s spread is back near Friday’s lows at 41bps, the flattest since Aug 2020.
  • 2YY +1.3bps at 1.513%, 5YY -1.7bps at 1.838%, 10YY -1.6bps at 1.922% and 30YY -1.2bps at 2.226%.
  • TYH2 is at the high end of today’s range at 126-20, close to pre-CPI levels and again on above average volumes. Resistance is seen at 127-01 (Feb 7 high) and support at 125-17+ (Feb 10 low).
  • Bullard will be in focus as he speaks again at 0830ET after saying he was open to an intermeeting hike following Thursday’s CPI release. No data of note today.
  • US Tsy $60B 13W, $51B 26W bill auctions (1130ET).
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.