FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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: Minor Pressure Ahead Of PCE

US TSYS
  • Treasuries see a small sell-off ahead of the July PCE report, which sees 2Y yields push above yesterday’s post-data high to 3.9145%, although it's already retreated to 3.908%.
  • Yields are only back into the low end of recent ranges on a generic basis having stepped lower with the new 2Y benchmark after Tuesday’s auction.
  • The curve sits twist flatter on the day, with 2s10s at -5bps (-2bp).
  • Fed Funds still fairly close to where they were as US desks filtered in, implying 33bp of cuts for Sep 18 and a cumulative 100bp to year-end.
  • PCE preview: https://roar-assets-auto.rbl.ms/files/67048/USPCEPrevAug2024.pdf
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.