Free Trial

BLOCK: HUGE 2Y Ahead Wed CPI

US TSY FUTURES
  • +20,570 TUH2 108-23.75, buy through 108-23.37 post-time offer at 1313:37ET
  • Print comes on heels of debate over short end reaction to a "hot" CPI figure tomorrow, (0.4% est vs. 0.8% previous).
  • Given heavy short end selling last week as market aggressively prices in first rate hike in March, another above consensus read for the inflation figure unlikely to induce further selling in the short end (re: .50bp hike in March).
  • That said, short end buy only surprising in it's size; DV01 $866k on print.

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.