Free Trial
JGBS

A Little Firmer To Start

US TSYS

Holding Firm

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

A Little Cheaper On Thursday, China PMIs Eyed In Asia

US TSYS

TYZ2 operates in line with late NY levels shortly after the re-open, after finishing around the mid-point of Thursday’s range.

  • Tsys were 3-8bp cheaper on Thursday, with the 5- to 7-Year zone of the curve leading the weakness.
  • Firmer than expected regional CPI data out of Germany helped extend the modest Asia weakness that was witnessed in Tsys. Elsewhere, UK PM Truss stuck to her fiscal plan, which also applied some pressure during early London trade.
  • That was before a heavy day for equities allowed the space to move away from worst levels during NY dealing.
  • Fedspeak had no tangible impact on the space.
  • An FV block buy was noted (+11.8K) and helped the general move away from worst levels during the latter rounds of the NY morning.
  • Looking ahead, official PMIs and the Caixin m’fing PMI out of China headline the Asia-Pac docket, while NY hours will see PCE readings, the latest MNI Chicago PMI print and the final UoM survey for Sep. Fedspeak will consist of addresses from Brainard, Bowman, Williams & Barkin.
175 words

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.

TYZ2 operates in line with late NY levels shortly after the re-open, after finishing around the mid-point of Thursday’s range.

  • Tsys were 3-8bp cheaper on Thursday, with the 5- to 7-Year zone of the curve leading the weakness.
  • Firmer than expected regional CPI data out of Germany helped extend the modest Asia weakness that was witnessed in Tsys. Elsewhere, UK PM Truss stuck to her fiscal plan, which also applied some pressure during early London trade.
  • That was before a heavy day for equities allowed the space to move away from worst levels during NY dealing.
  • Fedspeak had no tangible impact on the space.
  • An FV block buy was noted (+11.8K) and helped the general move away from worst levels during the latter rounds of the NY morning.
  • Looking ahead, official PMIs and the Caixin m’fing PMI out of China headline the Asia-Pac docket, while NY hours will see PCE readings, the latest MNI Chicago PMI print and the final UoM survey for Sep. Fedspeak will consist of addresses from Brainard, Bowman, Williams & Barkin.