Free Trial
BONDS

Testing session highs

MARKET INSIGHT

What to watch

RUSSIA

CBR Seen Moving Against RUB Rally

OIL

Crude edging higher after EIA data

SILVER TECHS

Resistance At The 20-Day EMA Remains Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
BOND SUMMARY
BOND SUMMARY: A limited liquidity backdrop was evident in Asia, given the well
documented, widespread holidays across the region, with the same set to hold
true in Europe.
- T-Notes continued to edge away from their late NY lows, but held a tight
range, on subdued volume, last +0-00+ at 139-02+, with yields 0.8-2.5bp richer,
as the curve bull flattens and swaps lag, at the margins. An intensification of
Sino-U.S. sabre rattling and reports of potential U.S. actions against China,
coupled with weak e-minis in the wake of Apple & Amazon earnings, were the major
supporting factors.
- JGB futures extended on their pullback from the overnight high, to trade
comfortably lower, with the front end/belly leading the way. We also saw a weak
round of supply for off the run 1-5 Year JGBs.
- In Australia, YM continues to sit where the RBA wants it, last +0.5, while XM
benefitted from the broader risk-off feel to the session after an early look at
the SYCOM lows, last +1.5. Dynamic also got some help from a fairly typical AOFM
issuance schedule, that isn't heavy on duration, at least by recent standards.
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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.