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: Tsys Futures Steady, Ranges Tight Ahead Of More Fed Speak

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys futures have done very little throughout the session, ranges have been tight and we hold near the overnight highs. Investors will be focused on a speech from Fed Gov Kugler later today. TU is unch at 104-12¾, while TY is -0-01 at 114-26.
  • Cash tsys curves have seen selling through the belly of the curve, yields are 0.5-1.5bps higher with the 2yr trading +0.6bps at 3.544%, while the 10yr +1.1bps at 3.739%. The 2s10s curve continues to make new highs climbing to intraday high of 21.884.
  • Projected rate cuts into early 2025 gain traction, latest vs. Tuesday morning levels (*) as follows: Nov'24 cumulative -39.8bp (-38.5bp), Dec'24 -79.7bp (-74.4bp), Jan'25 -114.0bp (-108.0bp).
  • Looking ahead to Wednesday's session: MBA Mortgage apps, New Home Sales. Auctions $28B 2Y FRN, $62B 17W bill & $70B 5Y.
131 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.
  • Tsys futures have done very little throughout the session, ranges have been tight and we hold near the overnight highs. Investors will be focused on a speech from Fed Gov Kugler later today. TU is unch at 104-12¾, while TY is -0-01 at 114-26.
  • Cash tsys curves have seen selling through the belly of the curve, yields are 0.5-1.5bps higher with the 2yr trading +0.6bps at 3.544%, while the 10yr +1.1bps at 3.739%. The 2s10s curve continues to make new highs climbing to intraday high of 21.884.
  • Projected rate cuts into early 2025 gain traction, latest vs. Tuesday morning levels (*) as follows: Nov'24 cumulative -39.8bp (-38.5bp), Dec'24 -79.7bp (-74.4bp), Jan'25 -114.0bp (-108.0bp).
  • Looking ahead to Wednesday's session: MBA Mortgage apps, New Home Sales. Auctions $28B 2Y FRN, $62B 17W bill & $70B 5Y.