MNI: GOOLSBEE DOESN'T SEE EVIDENCE INFLATION IS STALLING OUT AT 3%
May-10 17:12
- GOOLSBEE DOESN'T SEE EVIDENCE INFLATION IS STALLING OUT AT 3%
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US: Limited Additional Impulse For USD Despite Yields Climbing On Poor 10Y Auction
Apr-10 17:12
- Limited additional strengthening impact on the USD index as Tsy yields spike higher on a poorly received 10Y auction with the largest tail since Dec’22.
- Nevertheless it at least keeps BBDXY close to the day’s highs whilst USDJPY is at joint session highs of 152.98.
- USDJPY probes resistance at the round 153 after which lies 153.39 (1.382 proj of the Feb 1 - 13 - Mar 8 price swing).
US TSYS/SUPPLY: Review 10Y Auction Re-Open: Weak, Largest Tail Since Dec'22
Apr-10 17:06
- Treasury futures extend session lows even further (TYM4 108-07, 10Y yield 4.5598% high) after the $39B 10Y re-open sale (91282CJZ5) tailed 3.3bp (largest since Dec'22): 4.560% high yield vs. 4.527% WI; 2.51x bid-to-cover falls to 2.34 vs. 2.51x prior.
- Indirect take-up lowest since Oct'23 at 61.81% vs. 64.28% prior; direct bidder take-up 14.24% from 18.65% prior; primary dealer take-up highest since Nov'22 at 23.96% vs. 17.06%.
- The next 10Y auction is tentatively scheduled for May 8.
US TSYS: US TSY 9Y-10M NOTE AUCTION: HIGH YLD 4.560%; ALLOTMENT 54.10%
Apr-10 17:01
- US TSY 9Y-10M NOTE AUCTION: HIGH YLD 4.560%; ALLOTMENT 54.10%
- US TSY 9Y-10M NOTE AUCTION: DEALERS TAKE 23.96% OF COMPETITIVES
- US TSY 9Y-10M NOTE AUCTION: DIRECTS TAKE 14.24% OF COMPETITIVES
- US TSY 9Y-10M NOTE AUCTION: INDIRECTS TAKE 61.81% OF COMPETITIVES
- US TSY 9Y-10M AUCTION: BID/CVR 2.34
