Free Trial

TYM2 Back From Cycle Lows

US TSYS

TYM2 back from worst levels of the day, which suggests the previously outlined move to fresh cycle lows was largely flow-derived (although Nomura’s new hawkish Fed call seemingly provided the headline catalyst for the move), with the contract 0-07 off of worst levels, last -0-09 at 118-15. Note that the TU-UXY contracts have seen similar moves after breaching their respective Thursday troughs. Cash Tsys run 1-5bp cheaper across the curve, with 2s leading the cheapening.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.