MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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: TYZ4 Just Shy Of Joint Support Ahead of Important Data

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries have pushed lower on the day, mostly confined to yesterday’s range but with 2s pushing to levels just off Monday’s post-Powell lows.
  • They lag EGBs where supply is seen weighing but underperform Gilts after a dovish Bailey.  
  • Cash yields are 1.9-2.8bps higher with increases led by 7s. 2Y yields at 3.6600% are of note, close to Monday’s 3.6677% after Powell’s push for patience for otherwise highs since Sep 12 (US PPI).  
  • 2s10s has lifted slightly to 15bps (+0.5bp) but remains within recent ranges and below ytd highs of 24.1bps.
  • TYZ4 has sat on and off session lows of 114-07+ (- 06) for over 90 minutes now, eyeing support at 114-07 (Sep 26 and Oct 2 lows) after which lies 114-00+ (Sep 4 low). Volumes at 330k are slightly above recent averages.
  • Data: Challenger job cuts Sep (0730ET), Weekly jobless claims (0830ET), S&P Global US serv/comp PMI Sep final (0945ET), Factory orders Sep (1000ET), Factory orders Aug (1000ET),
  • Fedspeak: Schmid welcome remarks (1000ET, no text), Kashkari moderates a discussion with Bostic (1040ET, no text) - see STIR bullet.
  • Bill issuance: US Tsy $95B 4W, $90B 8W bill auctions
188 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 pushed lower on the day, mostly confined to yesterday’s range but with 2s pushing to levels just off Monday’s post-Powell lows.
  • They lag EGBs where supply is seen weighing but underperform Gilts after a dovish Bailey.  
  • Cash yields are 1.9-2.8bps higher with increases led by 7s. 2Y yields at 3.6600% are of note, close to Monday’s 3.6677% after Powell’s push for patience for otherwise highs since Sep 12 (US PPI).  
  • 2s10s has lifted slightly to 15bps (+0.5bp) but remains within recent ranges and below ytd highs of 24.1bps.
  • TYZ4 has sat on and off session lows of 114-07+ (- 06) for over 90 minutes now, eyeing support at 114-07 (Sep 26 and Oct 2 lows) after which lies 114-00+ (Sep 4 low). Volumes at 330k are slightly above recent averages.
  • Data: Challenger job cuts Sep (0730ET), Weekly jobless claims (0830ET), S&P Global US serv/comp PMI Sep final (0945ET), Factory orders Sep (1000ET), Factory orders Aug (1000ET),
  • Fedspeak: Schmid welcome remarks (1000ET, no text), Kashkari moderates a discussion with Bostic (1040ET, no text) - see STIR bullet.
  • Bill issuance: US Tsy $95B 4W, $90B 8W bill auctions