Free Trial

A Little Flatter, No Reaction To Chinese Data

US TSYS

Little in the way of reaction to the Chinese data dump, with the quarterly GDP and monthly economic activity readings generally in line to a touch firmer vs. broader exp. T-Notes are struggling to extend through the previously flagged July 12 high (133-20+), with the contract topping out at 133-21 thus far, last printing +0-05 on the day at 133-19+. The cash Tsy curve has seen some modest bull flattening, extending the move seen on Wednesday, with 2s little changed on the day, while the longer end of the cash Tsy curve runs ~1.5bp richer.

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.