Free Trial

5- to 10-Year Zone Breaches Wednesday’s Cheaps

US TSYS

TYM3 has shown through initially flagged, albeit minor, technical support, printing as low as 110-27+ in the process. There now isn’t much in the way of meaningful technical support to note until the 3.00% projection of the Jan 19-Jan 30-Feb 2 pricing swing (110-06), with the clear downtrend in the contract intact. Cash Tsys run 1-2bp cheaper, with the belly leading the move and 10s back above 4.00%. 5- to 10-Year yields have shown through Wednesday’s highs, but lack meaningful follow through, at least for now.

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.