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

What to Watch: Weekly Claims, Fed Speak, UK Governance

MARKET INSIGHT

Tsys trading mildly weaker after climbing off late overnight lows over the last couple hours, 30YY currently 3.1223% vs. 3.1642% overnight high. Decent volumes (TYU2>405k) ahead the NY open, yield curves little steeper but still inverted on net in the short end: 2s5s at -2.454, 2s10s at -7.521, 5s10s at -5.184.

  • Stocks mildly firmer/near highs: ESU2 +16.0 at 3864.25; Crude firmer, WTI +1.22 at 99.75; Gold back firmer at 1743.60 (Oct 2021 lvls).
  • Economic data coming up at 0830ET:
    • Jul-7 0830 Initial Jobless Claims (231k, 230k)
    • Jul-7 0830 Continuing Claims (1.328M, 1.330M)
    • Jul-7 0830 Trade Balance (-$87.1B, -$84.7B)
    • Friday focus on June employment report
  • Fed speak:
    • Fed Gov Waller NABE event, no text but yes to Q&A at 1300ET
    • StL Fed Bullard economy/policy outlook, text, Q&A at 1300ET
  • Tsy Auctions: US Tsy $35B 4W, $30B 8W bill auctions at 1130ET
  • Geopol: Latest focus on UK PM Boris Johnson maneuvering to hold on to power as he appoints all new cabinet members. Wires still reporting resignation announcement imminent.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
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.