MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI China Daily Summary: Friday, April 12

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

What to Watch: GDP, Fed Speak from Sintra

MARKET INSIGHT

Tsys trading firmer, off early overnight highs to near middle of range (30YY currently steady at 3.2788% vs. 3.2502% low). Rates gapped higher overnight following much weaker than expected German CPI for North Rhine (0.1% MoM; EST 0.9%; 7.5% YoY; EST 8.1%).

  • Tsys moderated over the last few hours, blipped higher after prelim German CPI gained less than anticipated (+0.1% MoM vs. +0.4%). Tsys back in range just as quickly in lead-up to NY open, yield curves inching steeper as bonds pare gains (2s10s +0.564 at 6.352 vs. 4.336 low).
  • Stocks breached narrow upside range, ESU2 +12.0 at 3837.5; Crude firmer, WTI +1.44 at 113.20; Gold making stronger at 1827.56 +7.55.
  • Economic data kicks off at 0830ET:
    • GDP Annualized QoQ (-1.5%, -1.5%); GDP Price Index (8.1%, 8.1%)
    • Personal Consumption (3.1%, 3.1%); Core PCE QoQ (5.1%, 5.1%)
  • Fed Speak:
    • Fed Chair Powell ECB Forum, Sintra, joined by ECBs Lagarde, BoE Bailey, BIS Carstens at 0900ET ECB Forum
    • Cleveland Fed Mester, panel discussion ECB Forum, Sintra, 1130ET
    • StL Fed Bullard recorded intro community development event, 1305ET
  • Tsy Auctions:
    • US Tsy $30B 119D bill CMB auction at 1130ET
    • US Tsy 4W and 8W bill auctions Thursday at 1130ET
  • Geopol: Watching for developments after latest US/Iran nuclear talks in Doha ended abruptly.
BulletMarketsFixed Income BulletsForeign Exchange 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.