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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.
US TSYS
- Cash Tsys have extended earlier bear steepening, with the front end paring some earlier small losses with Fed rate expectations unswayed overnight and the longer end holding closer to more notable lows.
- Pressure continues to come from Fed forecasts pushing the ‘longer’ part of the “higher for longer” theme as well as seemingly increasing odds of a government shutdown.
- Cash Tsys trade between +0.4bps (2Y) and +6.9bps (30Y), with 2s10s +5.5bps at -62bps for highs since May.
- TYZ3 trades at 108-13, off an earlier low of 103-10+ in another push towards support at 108-08 (Sep 21 low) after which lies the round 108-00. Volumes are near average at 265k.
- Ahead sees Fedspeak from ’23 voters Goolsbee and Kashkari, as well as lower tier data from Chicago Fed and Dallas Fed activity indicators.
- Bill issuance: US Tsy $69B 13W, $62B 26W Bill auctions (1130ET)
Source: 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.
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