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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 continued to bear steepen today in a move that started early yesterday well before hawkish Brainard comments drove the move further on talk of starting runoff as early as May with significantly larger caps than in the past.
- 2YY +6bps at 2.573%, 5YY +8.8bps at 2.784%, 10YY +10.3bps at 2.650% and 30YY +9.4bps at 2.667%. 2s10s continue their resurgence, up to +7bps having opened this week at -9.5bps.
- TYM2 is down 21 ticks at 120-06+ as it continues the resumption of its downtrend and is close to testing support at 120-04+ (continuation of the low from Dec 12/13, 2018) with the psychological 120-00 shortly after. Volumes are back solidly above average.
- FOMC minutes at 1400ET, with focus on language surrounding the pace and timing of tapering plus the likelihood of 50bp hikes in upcoming meetings.
- Fedspeak: Harker (2023 voter) on the economic outlook at 0930ET.
- Bond issuance: US Tsy $30B 119D bill CMB auction (912796XL8) at 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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