Free Trial

Cheapening Extends As Cash Opens

US TSYS

Cash Tsys have opened 4-6bp cheaper across the major benchmarks with bear flattening apparent. TYH3 deals at 114-05, -0-08+, breaking through Friday's base in recent trade and dealing just off worst levels of the day at typing.

  • Asia-Pac participants are still digesting Friday's stronger-than-expected NFP print, as well the piece from WSJ's Timiraos which noted "fresh signs of a hot U.S. labor market leave the Federal Reserve on course to raise interest rates by a quarter percentage point at its meeting next month and to signal another increase is likely after that."
  • With a thin calendar in Asia-Pac participants will have one eye on rising geopolitical tensions and on JGBs amid the fallout from a Nikkei report re: BoJ Deputy Gov Amamiya being approached to head up the central bank.

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.