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  • 2019-10-11 12:04


    By Evan Ryser

    WASHINGTON (MNI) - The U.S. Treasury Department said on Friday it will seek comments from primary dealers about a potential 20-year bond.

    "As part of the quarterly refunding process, Treasury is asking primary dealers for their views on the likely demand, pricing, liquidity, and ideal structure/auction schedule of a potential 20-year bond," a Treasury official said.

    The Treasury Department is scheduled to make its next quarterly announcement on debt Oct. 30.

    --MNI Washington Bureau; +1 202 371 2121; email: evan.ryser@marketnews.com

    [TOPICS: M$U$$$,M$$FI$,MFU$$$,MGU$$$]

  • 2019-10-11 02:36


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Friday that there is sufficient room for the BOJ to conduct additional easing and it will decide after carefully examining the benefits and costs of further easing.

  • 2019-10-11 01:23


    --BOJ Sept Consumer Sentiment Diffusion Index Down 5.8 To -25.0

    TOKYO (MNI) - The Bank of Japan's quarterly consumer survey saw sentiment fall from three months ago, as judged by income, business conditions and footfall at retailers and restaurants, the latest data showed on Friday.

    These are the key points from the survey:

    --The BOJ's consumer sentiment diffusion index for the current climate fell 1.0 points to -26.0 in September, the fifth straight quarterly drop after falling 5.8 points to -25.0 in June.

  • 2019-10-10 14:07


    Unemployment near record low shows economy near capacity, allowing BOC to hold line on rates

    OTTAWA (MNI) - Canada's labor market probably slowed in September, with employers adding just enough workers to keep the jobless rate close to a record low.

    Job gains probably eased to 5,000 last month, according to the MNI economist median, following a gain of 81,100 in August that was far ahead of forecasts.

    The unemployment rate is expected to remain at 5.7% for a third month in September according to the MNI economist median. The rate hit a record low of 5.4% in May.

  • 2019-10-10 13:57


    Partial China Deal Could Include October Tariff Delay

    WASHINGTON (MNI) - The United States Chamber of Commerce said the U.S. and China are making progress in trade talks and could be working toward an "early harvest" deal on intellectual property, market access, and agricultural purchases, with the possibility of a currency deal this week.

    "There is even the possibility of a currency agreement this week.

  • 2019-10-10 08:36


    LONDON (MNI) - The European Central Bank Governing Council was unanimous in seeing a need for further easing of monetary policy, accounts of the Oct.

  • 2019-10-09 21:25


    TOKYO (MNI) - Japan's corporate goods price index posted a fourth straight year-on-year decline in September, with the index falling to the lowest level since December 2016 when it fell 1.2% on year, data released by the Bank of Japan Thursday showed.

    September's 1.1% y/y fall accelerated from a 0.9% decline in August, -0.6% in July and -0.2% in June, which was then the first year-on-year drop in 30 months.

    A BOJ official noted that CGPI was weighed by weak gasoline prices, although higher prices for agriculture, forestry and fishery products offered upside pressure.

    The BOJ official didn't touch on the outlook for CGPI, or whether it is expected to fall further this year.

    On the month, CGPI was unchanged in September following a 0.3% fall in August.

    Jap

  • 2019-10-09 14:08


    WASHINGTON (MNI) - The following is an excerpt of the Federal Open Market Committee minutes describing committee's policy action, published Wednesday for the September meeting:

    Participants generally agreed with the staff's analysis that the risk of future ELB episodes had likely in-creased over time, and that future ELB episodes and the reduced effect of resource utilization on inflation could inhibit the Committee's ability to achieve its employment and inflation objectives. The increased ELB risk was attributed in part to structural changes in the U.S. economy that had lowered the longer-run real short-term interest rate and thus the neutral level of the policy rate.

  • 2019-10-09 14:07


    WASHINGTON (MNI) - The following is an excerpt of the Federal Open Market Committee minutes describing committee's policy action, published Wednesday for the September meeting:

    Although ensuring inflation outcomes averaging 2 percent over time was seen as important, many par-ticipants noted that the illustrated makeup strategies delivered only modest benefits in the staff's model simulations. These modest benefits in part reflected that the responsiveness of inflation to resource slack had diminished, making it more difficult to provide sufficient accommodation to push inflation back to the Committee's objective in a timely manner.

  • 2019-10-09 14:04


    WASHINGTON (MNI) - The following is an excerpt of the Federal Open Market Committee minutes describing committee's policy action, published Wednesday for the September meeting:

    Participants' Discussion of Recent Money Market Developments

    The manager pro tem provided a summary of the most recent developments in money markets. Open market operations conducted on the previous day had helped to ease strains in money markets, but the EFFR had nonetheless printed 5 basis points above the top of the target range.