Free Trial

Coiling Ahead Of BoJ & ECB

US TSYS

A tight start for TYU2, operating in a narrow 0-03 range thus far, last dealing +0-02+ at 117-27+. Cash Tsys run 0.5bp cheaper to 1.0bp richer, with the curve twist flattening, pivoting around 5s. There hasn’t been anything in the way of meaningful macro news flow to digest thus far, with markets looking through the previously outlined timeline for the impending Biden-Xi call that was provided during the NY-Asia crossover. The proximity to the latest ECB decision (coupled with questions surrounding the size of the impending rate hike and details of the Bank’s anti-fragmentation tool) will keep many sidelined.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.