MNI China Daily Summary: Wednesday, Sept 11

MNI BRIEF: Cautious Policy Adjustments Eyed - BOJ's Nakagawa

MNI: PBOC Net Injects CNY209.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1182 Weds; +2.35% Y/Y

CHINA PBOC CONDUCTS CNY210 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1182 WEDS VS 7.1136

MNI: US AUG CPI UNROUNDED M/M 0.187%, CORE 0.281%

MNI: US AUG CPI 0.2%, CORE 0.3%; CPI Y/Y 2.5%, CORE Y/Y 3.2%

US MBA: REFIS +1% SA; PURCH INDEX +2% SA THRU SEP 6 WK

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

US TSYS: Off Highs With US Filtering In, CPI In Focus

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries have pulled back from highs with US desks filtering in. Earlier gains faded a rally in oil and industrial metals after yesterday’s heavy declines and some saw the price action as a sign of the presidential debate favoring VP and Democratic nominee Harris over former President Trump.
  • Cash yields sit 1-2.5bp lower, with declines led by the long end.
  • 2Y yields have shifted higher after lows since Sep 2022 with 3.546% (currently 3.581%). 2s10s sits at 4.2bps (-1bps on the day).
  • TYZ4 sits at 115-18+ (+04) off a latest high of 115-23+ on elevated volumes of 450k.
  • The trend needle continues to point north. It has climbed through the bull trigger at 115-19 (Aug 5 high) to open 115-31 (Fibo projection of Aug 8-21-Sep 3 swings).
  • Data: Weekly MBA mortgage data (0700ET), CPI Aug (0830ET), Real average earnings Aug (0830ET)
  • Note/bond issuance: US Tsy $39B 10Y Note re-open auction - 91282CLF6 (1300ET)
  • Bill issuance: US Tsy $60B 17W bill auction (1130ET)
159 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 pulled back from highs with US desks filtering in. Earlier gains faded a rally in oil and industrial metals after yesterday’s heavy declines and some saw the price action as a sign of the presidential debate favoring VP and Democratic nominee Harris over former President Trump.
  • Cash yields sit 1-2.5bp lower, with declines led by the long end.
  • 2Y yields have shifted higher after lows since Sep 2022 with 3.546% (currently 3.581%). 2s10s sits at 4.2bps (-1bps on the day).
  • TYZ4 sits at 115-18+ (+04) off a latest high of 115-23+ on elevated volumes of 450k.
  • The trend needle continues to point north. It has climbed through the bull trigger at 115-19 (Aug 5 high) to open 115-31 (Fibo projection of Aug 8-21-Sep 3 swings).
  • Data: Weekly MBA mortgage data (0700ET), CPI Aug (0830ET), Real average earnings Aug (0830ET)
  • Note/bond issuance: US Tsy $39B 10Y Note re-open auction - 91282CLF6 (1300ET)
  • Bill issuance: US Tsy $60B 17W bill auction (1130ET)