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MNI BRIEF: One-Year Consumer Inflation Expectations Slow- ECB

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CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 3%

IFO Employment: Overall Softening, Services Stronger

France Consumer Sentiment Remains in Recent Range

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

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

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

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What to Watch: Fed Speak, Goods Data, Consumer Confidence

LOOK AHEAD

Tsy futures firmer, at/near highs as yields recede from early Mon's new cycle highs: 2YY hit 4.3450% -- currently 4.2356 (-.1050), steeper curves are paring gains last few minutes: 2s10s climbed to -39.755 currently -42.247 +.672.

  • Nordstream pipeline back in the news after pressure drop reported late Monday, latest headlines "Germany Suspects Sabotage to Russia’s Nord Stream Gas Pipelines" Bbg.
  • Otherwise, no obvious catalyst as rates recover slightly from Mon's carry-over selling tied to BoE emergency rate hike talk. Focus turns to Fed speak with Chicago Fed Evans' eco-outlook at London forum, Fed Chair Powell on digital currency panel discussion at the moment. Later:
    • StL Fed Bullard eco outlook at London forum, no text, Q&A at 0955ET
    • MN Fed Kashkari WSJ Live event at 1300ET
    • SF Fed Daly, virtual Asia bank symposium, no text at 2035ET
  • Economic data at 0830ET:
    • Durable Goods Orders (-0.1%, -0.4%); ex-trans (0.2%, 0.2%)
    • Cap Goods Orders Nondef Ex Air (0.3%, 0.2%); Ship (0.5%, 0.3%)
    • followed by:
    • FHFA House Price Index MoM (0.1%, 0.0%) at 0930ET
    • Conf. Board Consumer Confidence (103.2, 104.5) at 1000ET
    • Richmond Fed Mfg Index (-8, -10), 1000ET
    • New Home Sales (511k, 500k); MoM (-12.6%, -2.2%), 1000ET
  • US Tsy auction: $44B 5Y Note auction ((91282CFM8) at 1300ET
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