AMERICAS OIL: Newsom Wants to Work with Refiners to Keep a Lid on Gas Prices
Apr-23 13:59
Newsom Wants to Work with Refiners to Keep a Lid on Gas Prices * Bloomberg reports California Gover...
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FRANCE T-BILL AUCTION RESULTS: 13/14/26/52-week BTFs
Mar-24 13:56
| Type | 13-week BTF | 14-week BTF | 26-week BTF | 52-week BTF |
| Maturity | Jun 25, 2025 | Jul 2, 2025 | Sep 24, 2025 | Mar 25, 2026 |
| Amount | E3.394bln | E798mln | E2.194bln | E1.795bln |
| Target | E3.0-3.4bln | E0.4-0.8bln | E1.8-2.2bln | E1.4-1.8bln |
| Previous | E3.394bln | E897mln | E1.697bln | |
| Avg yield | 2.328% | 2.300% | 2.282% | 2.226% |
| Previous | 2.348% | 2.306% | 2.279% | |
| Bid-to-cover | 2.58x | 2.31x | 3.18x | 3.1x |
| Previous | 3.05x | 4.55x | 3.53x | |
| Previous date | Mar 17, 2025 | Mar 17, 2025 | Mar 17, 2025 |
US TSY FUTURES: Post-Flash PMI React
Mar-24 13:53
- Treasury futures extend lows after S&P Flash PMI services and composite data comes out higher then expected while manufacturing declines.
- The Jun'25 10Y currently trades 110-21 (-14) vs. 110-20 low -- sitting on initial technical support, next level at 110-12+ Low Mar 6 & 13. Resistance above at 111-25 (Mar 11 high), support below at 110-12.5/110-00 (Low Mar 6 & 13 / High Feb 7).
- Tsy 10Y yield climbs to 4.3153% high, curves still mixed: 2s10s +.472 at 29.864, 5s30s -1.851 at 56.572.
BONDS: MNI Europe Pi: Short Lean Extends Across Contracts
Mar-24 13:51
We've just published our latest Europe Pi positioning indicator - Download Full Document Here
- Since the quarterly rolls at the turn of Feb/Mar, European bond futures contracts have leaned increasingly toward structural shorts.
- 5 of 6 Eurex contracts tracked by MNI Pi are in either short or very short territory, with BTP the exception.
- BTP, as well as Gilts, appear to be drifting toward the short side.
- Last week saw a combination of short covering and long-setting.
