Free Trial
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.
US TSYS
- Cash Tsys trade 1-3bp richer, with the front end consolidating the post-CPI sell-off whilst the longer-end extends the rally instigated by yesterday’s better-received 30Y auction with its first trade through since June.
- The combination sees 2s10s push to -53.5bps for lows since late September.
- TYH4 at 110-22+ (+04+) trades at joint session highs but remains below yesterday’s speculative snap higher to 110-31+ just ahead of the CPI data. Firmer resistance is seen at the bull trigger of 111-09+ (Dec 7 high). Volumes are subdued at 240k, unsurprisingly so with Fed ahead.
- PPI provides a first point of interest with its usual implications for core PCE estimates after yesterday’s CPI report has left some modest preliminary readings. Focus will clearly be on the FOMC decision ahead - MNI Preview here.
- Fed: FOMC announce/SEP (1400ET), Powell presser (1430ET)
- Data: Weekly MBA data Dec 8 (0700ET), PPI Nov (0830ET)
- No issuance
US 2s10sSource: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok