US TSYS: 5Y Supply Plus Potential BoC Spillover In Focus
Jan-25 11:52
- Cash Tsys on balance hold modestly richer across most of the curve. There was spillover from EU FI earlier, first a bid from lower UK PPI inflation before levelling off with a mixed German Ifo survey. 5Y supply headlines after yesterday’s strong 2Y auction, but before then could see spillover from a potential final hike from the BoC and outside chance of a pause in an otherwise light docket.
- TYH3 trades 6+ ticks higher at 115-06+ close to an earlier high of 115-07+ that nudged above highs for the week. Resistance is seen at the bull trigger of 116-08 (Jan 19 high) whilst to the downside sits support at 114-16 (Jan 18 low).
- 2YY +0.6bps (off the newly trading 31 Jan 2025), 5YY -1.9bps at 3.556%, 10YY -2.0bps at 3.432% and 30YY -2.0bps at 3.585%
- Data: Weekly MBA mortgage applications/rates
- Bond issuance: US Tsy $24B 2Y FRN note (91282CGF2) – 1130ET, US Tsy $43B 5Y note (91282CGH8) – 1300ET
- Bill issuance: $36B 17W bill auction – 1130ET
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
LOOK AHEAD: UK Timeline of Key Events (Times GMT)
Dec-26 06:23
| Date | Time | Period | Event |
| 03-Jan | 0930 | Dec | IHS Markit/CIPS Manufacturing PMI (Final) |
| 04-Jan | 0001 | Dec | BRC Monthly Shop Price Index |
| 04-Jan | 0930 | Nov | BOE M4 / Lending |
| 05-Jan | 0930 | Dec | IHS Markit/CIPS Services PMI (Final) |
| 05-Jan | 0930 | Dec | BOE Dec DMP Survey |
| 06-Jan | 0930 | Dec | IHS Markit/CIPS Construction PMI |
| 07-Jan | 1615 | BOE Mann Panellist at American Economics Association | |
| 08-Jan | 1300 | BOE Pill Panellist at American Economics Association | |
| 09-Jan | ---- | ---- | House of Commons Returns |
| 11-Jan | 0001 | Dec | BRC-KPMG Shop Sales Monitor |
| 13-Jan | 0700 | Dec | UK Monthly GDP/Services/Production/Trade/Construction |
| 17-Jan | 0700 | Dec | Labour Market Survey |
| 18-Jan | 0700 | Dec | Inflation report |
| 18-Jan | 0930 | Dec | ONS House Price Index |
| 20-Jan | 0700 | Dec | Retail Sales |
LOOK AHEAD: Eurozone Timeline of Key Events (Times GMT)
Dec-26 06:18
| Date | Time | Country | Event |
| 29-Dec | 0800 | ES | Retail Sales |
| 29-Dec | 0900 | EU | HICP (p) / M3 |
| 30-Dec | 0800 | ES | HICP (p) |
| 02-Jan | 0815 | ES | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0845 | IT | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0850 | FR | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0855 | DE | S&P Global Manufacturing PMI (f) |
| 02-Jan | 0900 | EU | S&P Global Manufacturing PMI (f) |
| 03-Jan | 0855 | DE | Unemployment |
| 03-Jan | 1300 | DE | HICP (p) |
| 04-Jan | 0745 | FR | Consumer Sentiment / HICP |
| 04-Jan | 0815 | ES | S&P Global Services PMI (f) |
| 04-Jan | 0845 | IT | S&P Global Services PMI (f) |
| 04-Jan | 0850 | FR | S&P Global Services PMI (f) |
| 04-Jan | 0855 | DE | S&P Global Services PMI (f) |
| 04-Jan | 0900 | EU | S&P Global Services PMI (f) |
CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810
Dec-26 01:21
- CHINA SETS YUAN CENTRAL PARITY AT 6.9825 MON VS 6.9810
