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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.
US TSYS
- Cash Tsys have seen a bear flattening following the delayed open with Tokyo on holiday as larger rate hikes continue to be priced in and oil prices rise. This has pushed 2s10s back close to post-pandemic flats of ~20bps.
- 2YY +4bps at 1.976%, 5YY +4.2bps at 2.185%, 10YY +2.9bps at 2.178% and 30YY +1.3bps at 2.433%.
- With an earlier high of 1.9907%, 2Y yields are close to the post-pandemic high of 1.9956% touched in the spike early in Powell’s conference.
- TYM2 sits 10+ ticks down on the day at 124-10 on very low volumes. It remains comfortably above support from last week’s FOMC-induced low of 123-25+ whilst resistance is seen at 125-14+, the Feb 10 low and a recent breakout level.
- Fedspeak: Powell (1200ET) speaks at NABE conference with text and moderated Q&A, with Bostic, 2024 voter, at the same event beforehand (0800ET).
- Bill issuance: US Tsy $57B 13W, $48B 26W bill auctions (1130ET).
Source: Bloomberg
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.
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