CANADA DATA: Canada Apr Jobless Rate +6.9% Matching 2017 High Ex-Pandemic
May-09 12:30
* Canada unemployment rate +6.9% in April, 1pp above consensus for +6.8% and the highest since Nov...
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US TSY FUTURES: BLOCK: June'25 2Y Sale
Apr-09 12:28
- -5,900 TUM5 103-25.75, sell through 103-26 post time bid at 0821:40ET, DV01 $225,000. The 2Y contract trades 103-25.75 last (-4.12)
MNI EXCLUSIVE: MNI Speaks to Prominent Chinese Economist and Government Advisor
Apr-09 12:20
- MNI speaks to prominent Chinese economist and government advisor about the response to U.S. tariffs -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
GILTS: Futures Through Key Support; 30-year Sell-off Extends
Apr-09 12:20
Gilt futures have pierced key support at 90.55 (March 27 low), confirming a full reversal of the Mar 27 - Apr 7 rally. Futures are now -188 ticks at 90.24, with the psychological round-number 90.00 level providing the next downside target.
- UK PM Starmer’s attempts to reassure markets that the UK’s fiscal rules are “iron clad and here to stay” appear to have been unsuccessful, with a renewed downtick in US Treasury futures keeping the pressure on UK paper.
- The Gilt curve remains twist steeper, with 2-year benchmark yields down 1.5bps and 30-year yields up an impressive 28bps.
- 30-year benchmark yields are now at 5.63%, the highest since 1998. That sees 2s30s up ~30bps to 168.5bps, the steepest since 2017.
- A reminder that BOE Deputy Governor Breeden will speak on “UK Economic and Financial Stability Prospects” at an MNI webcast tomorrow at 1400BST. Register here.
