MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

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 BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: PBOC Net Drains CNY224.73 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1323 Thurs; -0.83% Y/Y

Asia USD Sov Yields Lower, Indonesian CPI Below Estimates

Australia Jun Exports +1.7%; Imports +0.5%

MNI:AUSTRALIA JUN TRADE BALANCE A$+5589

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

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

What to Watch: Fed Speak, Tsy Supply, Geopol Items

MARKET INSIGHT

Tsys trading modestly higher, near late overnight high on light early summer volumes (TYU2<245k), no significant data until CPI on Wednesday. However, NY Fed Williams speaks on LIBOR transition at NY Fed/UK FCA conf at 1400ET

  • Yield curves little steeper, 2s and 5s remain inverted vs. 10s while 2s5s trades above 0.0 at 2.013 (+0.764). Stocks weaker, extending lows: ESU2 -28.25 at 3873.0; Crude weaker on soft demand tied to latest round of Covid, WTI -2.94 at 101.85; Gold -6.64 at 1735.84.
  • Tsy Auctions:
    • US Tsy $51M 13W, $42B 26W bill auctions at 1130ET
    • US Tsy $43B 3Y Note auction (91282CEY3) at 1300ET
  • Modest incoming corporate debt issuance:
    • $Benchmark MUFG 3NC2 fix/FRN, 6NC5, 11NC10
    • $Benchmark BPCE 5Y, 11NC10
  • Geopol: Keeping eye on three items: According to Deutsche Welle, Russia has halted the transit of Kazakhstani oil to the EU via the CPC pipeline by closing access to Russia's largest Black Sea port, Novorossiysk.
  • Japan PM Kishida's LDP Secure Gains In Upper House Elections
  • British politics, who will replace PM Boris Johnson? Conservative Leadership Race Could Be Whittled Down By 1922 Committee Rules.
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.