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

USTs continue descent ahead of FOMC Minutes

BONDS
  • Treasuries have continued their slide after the hawkish comments from Brainard yesterday, and ahead of today's FOMC Minutes. The focus of the Minute will be on the language surrounding the pace and timing of tapering, and also on any language around the likelihood of 50bp hikes in upcoming FOMC meetings.
  • Gilts have been dragged lower by Treasuries, too, with the German curve also lower but seeing smaller moves than gilts or USTs.
  • Looking ahead we have more comments from ECB's Lane as he participates in a panel on inflation dynamics but there is little else on the calendar.
  • There is still continued focus on le Pen moving up in the polls for the French election (albeit still at as a major underdog to Macron's reelection). OAT-Bund spreads are little changed today, but peripheral spreads are a little wider.
  • TY1 futures are down -0-15+ today at 120-14 with 10y UST yields up 7.1bp at 2.620% and 2y yields up 3.9bp at 2.556%.
  • Bund futures are down -0.48 today at 157.25 with 10y Bund yields up 3.8bp at 0.649% and Schatz yields up 1.5bp at -0.14%.
  • Gilt futures are down -0.48 today at 120.34 with 10y yields up 6.1bp at 1.713% and 2y yields up 5.3bp at 1.501%.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.