CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Narrower Trading Ranges Ahead Of Ind Prod And Powell

US TSYS

Friday has begun with relative calm in US rate markets in contrast to the preceding session, with fairly narrow trading ranges and modest bear flattening in the curve.

  • Initial weakness mostly reversed in Asia-Pac hours as the BoJ retained its dovish stance, boosting JGBs and global FI alike.
  • The 2-Yr yield is up 5.2bps at 3.1449%, 5-Yr is up 2.2bps at 3.3067%, 10-Yr is up 2.5bps at 3.22%, and 30-Yr is up 3.8bps at 3.2855%.
  • A fairly quiet data/events schedule lies ahead. Fed Chair Powell makes opening remarks at 0845ET at a Fed event on the international role of the dollar (text expected); May industrial production arrives at 0915ET.
  • We'll also likely get an explanation today from KC Fed Pres George for her dovish dissent at this week's FOMC.
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.