US LABOR MARKET: Waller's Speech Hints At Further Weakness In Private Payrolls
Aug-29 12:04
Fed Gov Waller's speech Thursday arguing for a 25bp rate cut in September and "additional cuts over ...
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US TSY FUTURES: BLOCK: Sep'25 2Y/5Y/30Y Ultra Package
Jul-30 12:02
- 3-Leg package crosses on the CME Group's Block screen at 0741:37ET:
- 3,000 TUU5 103-21.12, post time offer
- 2,500 FVU5 108-14.75, post time offer
- 1,500 WNU5 117-23, well through 117-20 post time offer
MNI: Instant Answers For Refunding, Bank of Canada, Fed Today
Jul-30 12:01
We have selected the following questions for MNI's Instant Answers for today's major North American events - will be published upon release:
Treasury Quarterly Refunding (0830ET):
- In addition to providing the new auction sizes for the upcoming quarter, we will answer this question upon release of the Treasury Quarterly Refunding Statement (with color on changes if any): Is the guidance on coupon issuance unchanged? “Treasury anticipates maintaining nominal coupon and FRN auction sizes for at least the next several quarters.”
- Additionally we include the following questions on buybacks:
- Total maximum purchase amount of buybacks in the 20Y-30Y range (B USD)
- Total maximum purchase amount of buybacks in the 10Y-20Y range (B USD)
Bank of Canada (0945ET):
- Overnight Rate Target (%)
- Does the Bank signal it's prepared to LOWER rates in the future?
- Does the Bank reiterate it could LOWER rates if the economy weakens amid tariffs and inflation is contained?
- Does the Bank signal it is prepared to RAISE rates in the future?
- Does the Bank signal it intends to leave rates ON HOLD?
Federal Reserve (1400ET):
- Federal Funds Rate Range Maximum
- Number of dissenters
- Number of dissenters preferring a rate cut
- Number of dissenters preferring a 50bp cut
EGBS: Relief Rally Fades
Jul-30 11:58
Bund futures fade from recovery highs, leaving the range established in early London hours intact.
- A relief rally came on the lack of meaningful upside spending surprise in the German fiscal update, although the lack of truly new news meant that the rally was quickly halved as the initial impetus faded, with some recent selling pressure in Tsys also factoring in.
- Bund futures last little changed at 129.63, German yields flat to 1.5bp lower, 10s outperform on the curve.
- EGB spreads to Bunds are little changed to 1.5bp wider on the day, with little in the way of meaningful European headline flow to note outside of this morning’s data and German fiscal matters.
