Free Trial

*** After initial post data sale,....>

US TSY FUTURES
US TSY FUTURES: *** After initial post data sale, futures have ground back to
mildly lower O/N range amid moderate two-way flow, position squaring ahead
extended holiday weekend for U.S. Equities held strong gains (emini +14.5
2784.0), Gold higher (XAU +13.25, 1335.57), oil firmer (WTI +0.29, 64.09).
- Rates sold off/choppy trade after Dec CPI 0.1% and Retail Sales +0.4% both as
expected. Cross-market note: Tsys ground off lows while Gilts slammed by over 40
ticks in wake of Bloomberg newswire story on Spain and Dutch seeking a soft
Brexit; Bunds higher after ECB Weidmann downplayed rate change risk, trends
in-line. 
- Short end hammered as rate hike odds for March increased, 2Y Note yld climbed
to 2.0201 high/+0.0415 -- September 2008 high.
- In addition to better selling, real$ rolling forward, fast$ reversing,
sporadic bids below, scale in flatteners in 5s30s, fast$ doing steepeners.
- Heavy short end selling. -60,000 EDM8 97.97 (-0.025); Jan Eurodollar options
expiring.  

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.