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

Weaker Ahead Of ISM And Jobless Claims Data

US TSYS SUMMARY

Treasuries have weakened overnight to begin the month/quarter/half, with data providing the focus of Thursday's session.

  • Sep 10-Yr futures (TY) down 7.5/32 at 132-10, albeit within a limited range (L: 132-08 / H: 132-12) and <200k traded as of 0630ET.
  • The 2-Yr yield is up 0.4bps at 0.2527%, 5-Yr is up 0.5bps at 0.8942%, 10-Yr is up 0.8bps at 1.4764%, and 30-Yr is up 1.4bps at 2.1%.
  • Price action elsewhere is a little more inspiring: S&P futures have moved back flat after hitting fresh all-time highs overnight; DXY is at 3-month highs.
  • Jun Challenger job cuts (0730ET) and weekly jobless claims (0830ET) give a bit more color on the labor market situation ahead of Friday's employment report. 0945ET sees final Jun Manuf PMI, with ISM Manuf more closely watched at 1000ET, alongside May construction spending.
  • The only scheduled speaker ahead of the Independence Day weekend is Atlanta's Bostic (1400ET).
  • Tsy auctions $80B total of 4-/8-week bills. NY Fed buys ~$2.025B of 22.5Y-30Y Tsys.
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.