ASIA: Coming Up In The Asian Session On Friday

Oct-24 2024 21:21
0030GMT0830HKT1130AESTSingapore 3Q URA Private Home Prices 
0500GMT1300HKT1600AESTSingapore Sep Industrial Production 
0730GMT1530HKT1830AESTThailand Oct Gross International Reserves
1130GMT1930HKT2230AESTIndia Oct Foreign Exchange Reserves

Historical bullets

ASIA: Coming Up On Wednesday In The Asian Session

Sep-24 2024 21:14
0020GMT0820HKT1120AEDTChina Sep 1yr MLF
0400GMT1200HKT1500AEDTSingapore Aug Industrial Production 
0500GMT1300HKT1600AEDTThailand Aug Trade Balance
0700GMT1500HKT1800AEDTTaiwan Aug Industrial Production 
   Philippines Aug Budget Balance

ASIA: Coming Up On Wednesday In The Asia-Pac Session

Sep-24 2024 21:09
2250GMT0650HKT0950AEDTJapan Aug PPI Services 
0000GMT0800HKT1100AEDTAustralia to Sell 2034 Bonds
0010GMT0810HKT1110AEDTJapan Rinban Operations
0020GMT0820HKT1120AEDTChina Sep 1yr MLF
0030GMT0830HKT1130AEDTAustralia Aug CPI 
0430GMT1230HKT1530AEDTJapan Aug Store Sales

US TSYS: Curves Twist to New 2+ Year Highs, Consumer Confidence Dips

Sep-24 2024 19:30
  • Treasuries looked to finish mixed Tuesday, curves twisting steeper with the short end outperforming. Rates bounced off modestly weaker levels after this mornings lower than expected Conference Board consumer survey.
  • Data was markedly weaker than expected in September. Consumer confidence fell to 98.7 (cons 104.0) for a sizeable slip after an upward revised 105.6 (initial 103.3) in Aug. Declines were seen in both the present situation and expectations components.
  • Dec'24 10Y Tsy futures are currently +3.5 at 114-28 vs. 114-09.5 low -- still well off initial technical resistance at 115-02+/23+ High Sep 19 / 11 and the bull trigger.
  • Curves steepened with the short end outperforming, new 2+ highs in the 2s10s curve climbing to 20.213, 5s30s taps 62.011 high.
  • Projected rate cuts into early 2025 gain traction, latest vs. this morning's levels (*) as follows: Nov'24 cumulative -39.8bp (-38.5bp), Dec'24 -78.6bp (-74.4bp), Jan'25 -113.0bp (-108.0bp).
  • Cross asset summary: Stocks held modest gains after the bell, near all-time highs, Eminis 5793.50, the Dow 42,232.0; Gold marked new high of 2,660.50.
  • Looking ahead to Wednesday's session: MBA Mortgage apps, New Home Sales, $28B 2Y FRN, $62B 17W bill auctions, $70B 5Y at 1300ET.