CANADA: PMIs Point To Summer Activity Pickup Being Only Transitory
Oct-03 14:52
Canadian Services PMI pulled back in September to a 3-month low 46.3, from 48.6 prior. * The S&P Gl...
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GILTS: DMO Calendar Update Allows 5s30s To Flatten Further
Sep-03 14:50
The aforementioned DMO calendar update has allowed the 5s30s curve to take another leg lower, now at 148.3bps and -3.6bps flatter on the session.
- The spread reached a fresh multi-year high of 154.5bps just before 0900BST today.
- 30-year yields are almost 8bps lower on the session at 5.616%, after meeting resistance at 5.750% earlier.
- The reaction to this afternoon's US JOLTS data has also spilled over into Gilts, further helping lower yields across the curve.
MNI EXCLUSIVE: Interview With Employ America Economist About Fed Framework
Sep-03 14:49
MNI interviews an Employ America economist about the Fed's new framework -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com.
UK DMO UPDATE: Only one long-dated auction in FQ3; 30y auction cancelled
Sep-03 14:46
- Note that within that DMO update the 30-year auction has been cancelled. So the only long-dated auction scheduled in the Oct-Dec period is the 2053 Green auction.
- This is likely partly in response to the steepening of the yield curve seen in the past couple of sessions in particular.
