BOC SAYS FIRMS SEE SLOWER PRICE INCREASES AND WAGE GAINS

MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

King's Speech Due Wednesday

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

Some Relief Ahead Of Week-End Data

US TSYS SUMMARY

We've come well off Thursday's yield highs but the tone overnight has been more of tentative stability in Treasuries than a full-on recovery.

  • A drop of ~13bps from the previous session's spike high in 10Yr Tsys, but we're still 10+bps above Wednesday's close. Stock futs a bit off overnight lows, dollar up sharply.
  • The 2-Yr yield is down 2.2bps at 0.1505%, 5-Yr is down 5.2bps at 0.7682%, 10-Yr is down 4.8bps at 1.4719%, and 30-Yr is down 2.5bps at 2.2484%.
  • Jun 10-Yr futures (TY) up 7/32 at 132-25.5 (L: 132-08 / H: 133-05.5)
  • Overnight analyst commentary assessing Thursday's market moves points to multiple factors, from Fed nonchalance to supply to convexity to SLR exemption expiry.
  • In data: 0830ET sees Jan personal income/spending incl PCE deflator, prelim wholesale inventories, and advance goods trade; 0945ET is Feb MNI Chicago PMI, followed by 1000ET's final Feb UMichigan sentiment.
  • House debates and votes today on the COVID relief package, vote could come very late tonight.
  • No supply today (perhaps mercifully after Thursday's 7-Yr auction debacle). NY Fed buys ~$12.825B of 0Y-2.25Y Tsys.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.