CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

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

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

US TSYS: Long End Reverses Powell Rally, Conf Board And 2Y Supply Ahead

US TSYS
  • Treasuries have trended lower through Asia and European hours, with 10s pushing back to pre-Powell lows and 30s through them. Crude oil futures may have given back a small part of yesterday's strong supply-driven gains but industrial metals are up strongly on the day. 
  • Cash yields are 1.5-3bps higher, with only really the front end lagging the move, whilst 2s10s has increased 1.4bps to -10.4bp but remains within recent ranges. 
  • TYU4 has touched a session low of 113-11+ (- 07+) in a further pullback from yesterday’s high of 113-30. There are heavy roll-related volumes ahead of first notice Aug 30. 
  • It’s a move closer to support at 113-00+ (20-day EMA) but a bullish trend structure is seen in place with resistance at 114-03 (Aug 6 high). 
  • Today see the Conference Board consumer survey in focus for data before 2Y supply after the July auction stopped through by 2.1bps along with strong details.  
  • Data: FHFA house prices Jun (0900ET), S&P CoreLogic house prices Jun (0900ET), Conf Board consumer survey Aug (1000ET), Richmond Fed mfg Aug (1000ET), Dallas Fed services Aug (1030ET)
  • Note/bond issuance: US Tsy to sell $69bn 2Y - 91282CLH2 (1300ET)
  • Bill issuance: US Tsy to sell $75bn 42-day CMB (1130ET)
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

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.