Free Trial

Back Near Unchanged Whilst Lacking Direction

US TSYS
  • Tsys trade back near unchanged, sitting between 1bp richer and 0.5bp cheaper in a session lacking direction on underwhelming volumes.
  • The broad themes have been some dovish spillover from the BoJ overnight before paring those gains with particularly strong housing starts (caveated heavily by volatility within the report and a small miss for building permits).
  • TYH4 has remained within yesterday’s range throughout, currently at 112-12 with volumes not yet ticking over 1M. Technical trends point to a bullish signal that highlights resistance at 112-28+ and 113-12+ (Fibo projection points).
  • There is still Goolsbee (’25 voter) to come at 1800ET before tomorrow’s docket is headlined by existing home sales and Conf Board consumer confidence before the 20Y re-open.

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.