MNI BRIEF: Fed Says All Largest 31 US Banks Pass Stress Tests

MNI BRIEF: Panetta Says ECB On Course For Inflation Target

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

MNI BRIEF: RRR Trim A Better Option Than Rate Cut Now: BOC

MNI China Daily Summary: Wednesday, June 26

MNI DATA TABLE: MNI China Interbank Liquidity Index (Jun) - 1

US EIA: CRUDE OIL STOCKS EX SPR +3.59M TO 460.7M JUN 21 WK

MNI: US MAY NEW HOME SALES -11.3% TO 0.619M SAAR

EZ/UK Bond Supply Calendar: 5/10-year BTPs / CCTeu Due Thursday​

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

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

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

What to Watch: New 16Y Yld Highs Post FED/BOE, Wkly Claims, Home Sales

US TSYS
  • Treasury futures futures bounced briefly after the BoE left rate unchanged at 5.25% but are extending lows ahead the cash open (TYZ3 -25.5 at 108-13.5) after breaching technical support overnight (next level 108-00 round number support).
  • Yields have climbed to the highest levels since Dec'07: 10YY 4.4617%, 5YY 4.6246%.
  • Heavy volumes (TYZ3>535k) as participants pile back into markets after the Fed left interest rates steady at 22-year highs Wednesday but kept the door open to one more increase in borrowing costs this year, while reducing the number of rate cuts officials see in 2024.
  • Scheduled economic data at the bottom of the hour includes weekly jobless claims, Current Account Balance and Philadelphia Fed Business Outlook. Existing Home Sales and Leading Index at 1000ET.
  • Treasury auctions: $80B 4W, $70B 8W Bill sales at 1130ET, $15B 10Y TIPS reopen (91282CHP9) at 1300ET.
  • Headline watching: No positive development as yet re: US government funding resolution to avoid a shutdown on October 1.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income 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.