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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.
US TSYS
The curve bull steepens in the wake of the unequivocally soft CPI reading and previously covered dovish Fed repricing, leaving yields 7.5-12.5bp softer on the day.
- 2-Year yields have broken comfortably below their late March lows (flagged yesterday), showing sub-4.50%, switching bond bulls’ focus to the Mar 8 low (4.4046%).
- 5s see a similar move, while 10s are more hesitant to follow through after breaching their own late March low.
- 30s sit 7bp above their June low.
Fig. 1: U.S. 2- & 10-Year Yields (%)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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