EM LATAM CREDIT: "PARAGUAY CENTRAL BANK LEAVES KEY RATE AT 6.0%" - BBG
Feb-21 18:03
"PARAGUAY CENTRAL BANK LEAVES KEY RATE AT 6.0%" - BBG...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FED: US TSY 19Y-10M BOND AUCTION: HIGH YLD 4.900%; ALLOT 98.74%
Jan-22 18:02
- US TSY 19Y-10M BOND AUCTION: HIGH YLD 4.900%; ALLOT 98.74%
- US TSY 19Y-10M BOND AUCTION: DEALERS TAKE 10.40% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: DIRECTS TAKE 20.08% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: INDIRECTS TAKE 69.52% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: BID/COV 2.75
US TSYS/SUPPLY: WI 20Y Re-Open
Jan-22 17:59
- WI 20Y remains stable at 4.910% going into the $13B 20Y bond auction re-open (912810UF3) cut-off, compares to last month's tail: 4.686% high yield vs. 4.671% WI.
CANADA: Yields Climb With US But Greater Likelihood Of 25bp BoC Cut Next Week
Jan-22 17:58
- GoC yields have continued to be dragged higher by Treasuries ahead of 20Y US supply after a mostly one-way move higher following President Trump threatening tariffs on Russia.
- CBC reports Ontario Premier Ford could call an early Ontario election as early as next week to help respond to potential US tariffs.
- Yields are 2.5-3.5bp higher across the curve, with increases led by the belly as is the case in Treasuries.
- Can-US yield differentials are unchanged on the day at -134.5bp having lifted off recent lows of -138bps. That low was still seen a few hours after yesterday’s mostly in-line CPI report, although one that included a further solid acceleration in three-month core inflation.
- Tomorrow’s retail sales data for November likely receives less focus than usual whilst tariff threats dominate.
- Next week’s BoC decision is also secondary, with 22bp of cuts priced for a very strong likelihood of a 25bp cut to 3.00% for a little more firmly within the Bank’s 2.25-3.25% estimated range for neutral policy.
