MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

Core Goods Pipeline Pressures Pick Up On 3m/3m Basis

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

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

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

Waller: Recent Moves In 10Y Yields An Earthquake

FED

Gov. Waller’s (voter) prepared remarks steered clear of policy-related content, but the broader presentation and audience Q&A had some notable lines. He typically lies at the hawkish end of the FOMC.

  • The labor market is coming into better balance.
  • Everything was booming in Q3 GDP and the Fed is watching that closely.
  • The near 100bp increase in 10Y Treasury yields over the short period of time is an “earthquake” in central banking terms (recall he said on Oct 18 that the rise in long rates can accomplish tightening).
  • If rate hikes cause instability, the Fed has other tools (the context was unclear here as the live feed was down but we suspect this is related to the emergency lines opened up earlier this year amidst regional banking woes).
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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.