MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

US Yields Recoup Some Of Wednesday's Losses

US TSYS

TYH4 is trading at 112-12+, + 02 from NY closing levels.

Not too much to speak about for Tsys today, we have remained rangebound all day, with a slight flattening of the curve occurring, cash yields are up 1-4.5bps.

  • Slightly better selling in the front end of the curve in Asia trading as the 2Y yield is 4.5bps higher at 4.252%, while the 10Y yield is 2.6bps higher at 3.937%.
  • Firms are pushing back their forecast for Fed cuts. Goldman Sachs has pushed back its forecast for the 1st Fed cut to May from March. It still expects 5cuts this year (BBG), with Abrdn sees fed cutting rates three times this year (BBG). This may be lending support to today's moves.
  • TYH4 is still trading within initial resistance levels of 112-26+ from the highs of Jan 12th, while first support remains back at 110-26 from Jan 19th.
  • Data Tonight: Weekly Claims, Flash PMIs, ISMs, followed by Non-Farm Payrolls on Friday
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.