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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.
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Free Access10Y Yield New Cycle High of 4.8039%
- Treasury futures continue to extend lows in late trade, as 10Y yield climbs to new 16Y high of 4.8039%. Curves making new cycle highs: 3M10Y +7.713 at -72.067, 2Y10Y +7.920 at -34.846.
- Dec'23 10Y futures crossed technical support of 106-23 (Low Oct 3 & 1.50 proj of the Jul 18 - Aug 4 - Aug 10 price swing) briefly is back to 106-22.5 (-20) at the moment.
- Bids pulled or shifted lower as focus turns to surge of scheduled economic data tomorrow that includes ADP Private Employ, ISM Services.
- Cross asset summary: Greenback remains strong but off highs (DXY +.118 at 107.022), Gold weaker (-2.77 at 1825.27), crude firmer (WTI +0.54 at 89.36). Stocks at/near session lows with S&P E-Mini futures back to early June levels: down 62 points (-1.43%) at 4262.25, DJIA down 443.64 points (-1.33%) at 32989.56, Nasdaq down 249.9 points (-1.9%) at 13057.9.
To read the full story
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Please enter your details below.
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.