Free Trial

Bonds Bounce

US TSYS
  • Tsy futures are bouncing again (10s steady to +.5), long end leading w/ curves still flatter (2s10s -2.721 at -58.895. Oil remains in focus after surprise OPEC+ production cuts announced late Sunday.
  • Current rebound in Treasury futures may be tied to recent headlines:
  • *NOVAK: WE STILL SEE SUPPLY OVERHANG IN GLOBAL OIL MARKET; VOLUNTARY CUTS ARE NOT WITHIN OPEC+ FRAMEWORK - bbg
  • However:
  • *NOVAK: OTHER OPEC+ COUNTRIES MAY JOIN CUTS IF THEY DECIDE SO; BANKING CRISIS ADDS TO GLOBAL OIL VOLATILITY.

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.