MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US TSYS: Friday’s Late Rally Reversed, Fedspeak In Focus Today

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Treasuries have traded in relatively narrow ranges ever since opening lower following further tariff threats from President-elect Trump over the weekend, this time proposing 100% tariffs on BRICS countries.
  • The move on the day is also exaggerated by the late rally into the early close on Friday in post-Thanksgiving thinned trade, a move that has mostly been fully pared (30s being the exception with their outperformance on the day).  
  • Cash yields are 2-4.5bp higher, with 5s leading the increases and 30s lagging.  
  • TYH5 is at 111-03 (-03), towards the middle of the day’s range and well within Friday’s range, on average volumes a little over 300k.
  • Resistance remains exposed, with Friday’s high of 111-08 before 111-13+ (50-day EMA). Further gains here can test the corrective nature of prior increases.
  • Data: S&P Global US mfg Nov f (0945ET), ISM mfg Nov (1000ET), Construction spending Oct (1000ET)
  • Fedspeak: Waller keynote speech and Q&A (1515ET), Williams keynote remarks and Q&A (1630ET)
  • Bill issuance: US Tsy $81B 13W & $72B 26W bill auctions (1130ET)
167 words

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.
  • Treasuries have traded in relatively narrow ranges ever since opening lower following further tariff threats from President-elect Trump over the weekend, this time proposing 100% tariffs on BRICS countries.
  • The move on the day is also exaggerated by the late rally into the early close on Friday in post-Thanksgiving thinned trade, a move that has mostly been fully pared (30s being the exception with their outperformance on the day).  
  • Cash yields are 2-4.5bp higher, with 5s leading the increases and 30s lagging.  
  • TYH5 is at 111-03 (-03), towards the middle of the day’s range and well within Friday’s range, on average volumes a little over 300k.
  • Resistance remains exposed, with Friday’s high of 111-08 before 111-13+ (50-day EMA). Further gains here can test the corrective nature of prior increases.
  • Data: S&P Global US mfg Nov f (0945ET), ISM mfg Nov (1000ET), Construction spending Oct (1000ET)
  • Fedspeak: Waller keynote speech and Q&A (1515ET), Williams keynote remarks and Q&A (1630ET)
  • Bill issuance: US Tsy $81B 13W & $72B 26W bill auctions (1130ET)