MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

US TSYS: Late Session Sell Pressure

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries and SOFR futures come under renewed selling in the last few minutes, still well off midmorning lows, however. Dec'24 10Y futures trade 114-14 last (-8) vs 114-07 low -- which happens to be the initial technical support (Sep 26 low) followed by 114-00.5 (Sep 4 low).
  • Curves remain steeper (2s10s +2.063 at 14.375) but scaling back support amid some chunky selling in SOFR 1- and 3M futures: appr -15,000 SERX4 at 95.41, and 23,000 SFRZ4 at 95.975.
  • SOFR White pack (SFRZ4-SFRU5) currently -0.010-0.025, while projected rate cuts continue to back off this morning's levels (*): Nov'24 cumulative -33.8bp (-34.4bp), Dec'24 -69.9bp (-70.5bp), Jan'25 -100.4bp (-101.9bp).
  • Focus turns to Weekly Claims, Factory/Durable Goods Orders and ISM Services on Thursday, followed by Friday's headline Non-Farm Payrolls for September.
125 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 and SOFR futures come under renewed selling in the last few minutes, still well off midmorning lows, however. Dec'24 10Y futures trade 114-14 last (-8) vs 114-07 low -- which happens to be the initial technical support (Sep 26 low) followed by 114-00.5 (Sep 4 low).
  • Curves remain steeper (2s10s +2.063 at 14.375) but scaling back support amid some chunky selling in SOFR 1- and 3M futures: appr -15,000 SERX4 at 95.41, and 23,000 SFRZ4 at 95.975.
  • SOFR White pack (SFRZ4-SFRU5) currently -0.010-0.025, while projected rate cuts continue to back off this morning's levels (*): Nov'24 cumulative -33.8bp (-34.4bp), Dec'24 -69.9bp (-70.5bp), Jan'25 -100.4bp (-101.9bp).
  • Focus turns to Weekly Claims, Factory/Durable Goods Orders and ISM Services on Thursday, followed by Friday's headline Non-Farm Payrolls for September.