STIR: Fed Rates Holding Most Of PPI Shift, Retail Sales and More Ahead
Aug-15 10:27
* Fed Funds implied rates hold the bulk of their shift higher on yesterday's far stronger than exp...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSY FUTURES: Mix Of Short Setting & Long Cover Seen Tuesday
Jul-16 10:22
OI data points to a modest bias towards net short setting on Tuesday, as contracts sold off in the wake of the CPI data.
- The biggest net positioning swing came via short setting in TY futures, although the presence of net long cover across most of the rest of the curve (modest net short setting in TU futures being the exception) made for little net change in exposure in curve-wide DV01 terms.
| 15-Jul-25 | 14-Jul-25 | Daily OI Change | OI DV01 Equivalent Change ($) |
TU | 4,356,744 | 4,353,213 | +3,531 | +132,941 |
FV | 7,025,845 | 7,037,494 | -11,649 | -498,349 |
TY | 4,890,176 | 4,843,970 | +46,206 | +3,021,244 |
UXY | 2,418,186 | 2,431,955 | -13,769 | -1,187,182 |
US | 1,796,835 | 1,798,339 | -1,504 | -204,002 |
WN | 1,961,786 | 1,966,204 | -4,418 | -789,050 |
|
| Total | +18,397 | +475,601 |
LOOK AHEAD: Wednesday Data Calendar: PPI, Fed Speakers, Beige Book
Jul-16 10:21
- US Data/Speaker Calendar (prior, estimate)
- 07/16 0700 MBA Mortgage Applications (9.4%, --)
- 07/16 0800 Richmond Fed Barkin on forecasting data (text, Q&A)
- 07/16 0830 PPI Final Demand MoM (0.1%, 0.2%), YoY (2.6%, 2.5%)
- 07/16 0830 PPI Ex Food and Energy MoM (0.1%, 0.2%), YoY (3.0%, 2.7%)
- 07/16 0830 PPI Ex Food, Energy, Trade MoM (0.1%, 0.2%), YoY (2.7%, --)
- 07/16 0830 New York Fed Services Business Activity (-13.2, --)
- 07/16 0915 Industrial Production MoM (-0.2%, 0.1%), Cap-U (77.4%, 77.4%)
- 07/16 0915 Cleveland Fed Hammack on community development (text, no Q&A)
- 07/16 1000 Fed Gov Barr on financial regulation (text, Q&A)
- 07/16 1400 Fed Beige Book
- 07/16 1530 Atlanta Fed Bostic on Fox Business
- 07/16 1830 NY Fed Williams on economic outlook/policy (text, Q&A)
- Source: Bloomberg Finance L.P. / MNI
EU-BILL AUCTION RESULTS: 3/6/12-month EU-bills
Jul-16 10:11
| Type | 3-month EU-bill | 6-month EU-bill | 12-month EU-bill |
| Maturity | Oct 3, 2025 | Jan 9, 2026 | Jul 3, 2026 |
| Amount | E954mln | E934mln | E899mln |
| Target | E1bln | E1bln | E1bln |
| Previous | E841mln | E997mln | E1.398bln |
| Avg yield | 1.921% | 1.928% | 1.902% |
| Previous | 1.922% | 1.930% | 1.920% |
| Bid-to-cover | 1.55x | 2.02x | 2.73x |
| Previous | 1.74x | 2.6x | 2.92x |
| Previous date | Jul 02, 2025 | Jul 02, 2025 | Jul 02, 2025 |
