UK SEP SERVICES PMI 52.4 (FLASH 52.8, AUG 53.7)

FRANCE SEP SERVICES PMI 49.6 (FLASH 48.3, AUG 55.0)

MNI BRIEF: Japan's Q2 Output Gap Hits 17th Negative Quarter

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

MNI BRIEF: NBP Keeps Key Interest rates unchanged

MNI BRIEF: Turkish Inflation Expectations Ease As CBRT Holds

EZ/UK Bond Supply Calendar: BoE APF Monday; EU Syndication

MNI: EUROZONE AUG PPI +0.6% M/M, -2.3% Y/Y

MNI: TURKEY SEP CPI +2.97% M/M

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

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US TSYS: Tsys Futures Steady Ahead Of Jobs Data

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys futures are trading in tight ranges today, Hong Kong equities have taken a breather after their stellar run of late, while a weaker yen has seen Japanese equities well supported. There have been some headlines out that Israel could be planning an attack on Iran's nuclear sites, however little reaction in markets to this. TU is trading -01 at 104-03⅜, while TY is trading -02+ at 114-11.
  • Cash tsys have seen slightly better selling through the belly of the curve, The 2yr is +1bp at 3.652%, vs cycle lows of 3.54% made Sept 24, while the 10yr is trading +1.3bps at 3.794%. Curves have flattened over the past week after the 2s10s hit a high of 22.364 and now trades back at 14.050.
  • Projected rate cuts continue cool a touch vs Wednesday's levels (*): Nov'24 cumulative -34.1bp (-34.4bp), Dec'24 -69.2bp (-70.5bp), Jan'25 -99.6bp (-101.9bp).
  • Today focus will be on Weekly Claims, Factory/Durable Goods Orders and ISM Services, followed by Friday's headline Non-Farm Payrolls for September.
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  • Tsys futures are trading in tight ranges today, Hong Kong equities have taken a breather after their stellar run of late, while a weaker yen has seen Japanese equities well supported. There have been some headlines out that Israel could be planning an attack on Iran's nuclear sites, however little reaction in markets to this. TU is trading -01 at 104-03⅜, while TY is trading -02+ at 114-11.
  • Cash tsys have seen slightly better selling through the belly of the curve, The 2yr is +1bp at 3.652%, vs cycle lows of 3.54% made Sept 24, while the 10yr is trading +1.3bps at 3.794%. Curves have flattened over the past week after the 2s10s hit a high of 22.364 and now trades back at 14.050.
  • Projected rate cuts continue cool a touch vs Wednesday's levels (*): Nov'24 cumulative -34.1bp (-34.4bp), Dec'24 -69.2bp (-70.5bp), Jan'25 -99.6bp (-101.9bp).
  • Today focus will be on Weekly Claims, Factory/Durable Goods Orders and ISM Services, followed by Friday's headline Non-Farm Payrolls for September.