MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US JUL FINAL MANUFACTURING PMI 49.6 (FLASH: 49.5); JUN: 51.6

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

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

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

Weaker/Off Lows

US TSY FUTURES CLOSE

Heavy volumes on choppy trade Fri after big Dec NFP miss (-140k vs. +50k est), focus turned to huge up-rev's for Oct and Nov. That said, optimistic Fed speak (Clarida) helped risk appetite for equities as did hopes of more stimulus w/details from Biden expected next week. Huge 10s/Ultra-bond flattener took profits after curves hit multi-year highs on week.

  • 3M10Y +3.496, 102.824 (L: 98.329 / H: 103.761)
  • 2Y10Y +3.462, 97.129 (L: 93.526 / H: 98.491)
  • 2Y30Y +1.597, 172.796 (L: 169.328 / H: 175.214)
  • 5Y30Y -1.201, 138.196 (L: 136.924 / H: 141.294)
  • Current futures levels:
  • Mar 2Y steady at at 110-14.25 (L: 110-13.875 / H: 110-14.75)
  • Mar 5Y down 4.75/32 at 125-18 (L: 125-16.75 / H: 125-22.5)
  • Mar 10Y down 11.5/32 at 136-19 (L: 136-16.5 / H: 136-29.5)
  • Mar 30Y down 19/32 at 168-20 (L: 168-05 / H: 169-13)
  • Mar Ultra 30Y down 30/32 at 204-18 (L: 203-20 / H: 206-02)
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income 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.