MNI BRIEF: Yellen: Will Need To Revaluate Bank Regulations

MNI: US Feb Existing Home Sales See Huge Rebound

CANADA FEB CPI 5.2% YOY VS FORECAST 5.4%, PRIOR 5.9%

US Treasury Auction Calendar

MNI: US NAR: FEB EXISTING HOME SALES +14.5% TO 4.58M SAAR

MNI: US REDBOOK: MAR STORE SALES +2.9% V YR AGO MO

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSY FUTURES

BLOCK, Large 10Y Buy

MEXICO

USDMXN Closing In On Initial Support

US TSYS

Late SOFR/Treasury Option Roundup

COMMODITIES

Oil Climbs and Gold Slumps on Reduced Bank Fears

ARGENTINA

February Trade Balance Moves Into Surplus

FOREX

Pressure On Core Fixed Income Weighs On Japanese Yen

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Core FI remains notably lower but volatility continues

BONDS
HomepageBulletMarketsFixed Income NewsForeign Exchange News
  • Core fixed income remains notably lower this morning, led by EGBs and a general bear flattening of curves. However, markets remain volatile. Schatz yields for example at the time of writing are 16bp higher on the day, but 14bp off the high of 2.704% seen shortly after the cash open (and still over 5bp above the intraday lows).
  • Bund futures fell around 120 ticks in overnight trading before falling a further 60 ticks in early European trading to a low of 135.78. We have since traded 100 ticks higher than that at 136.81 around 15 minutes ago and now are back close to the levels seen before Europeans got to their desks.
  • Similar, but smaller, moves have been seen in Treasuries while gilts have seen the curve move in a more parallel fashion again today (underperforming Treasuries, but outperforming Bunds).
  • TY1 futures are up 0-2 today at 115-06 with 10y UST yields up 2.9bp at 3.487% and 2y yields up 6.0bp at 3.951%.
  • Bund futures are down -1.17 today at 136.45 with 10y Bund yields up 10.4bp at 2.228% and Schatz yields up 16.2bp at 2.551%.
  • Gilt futures are down -0.66 today at 104.66 with 10y yields up 7.4bp at 3.391% and 2y yields up 7.6bp at 3.352%.
203 words

To read the full story

Why Subscribe to

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.
  • Core fixed income remains notably lower this morning, led by EGBs and a general bear flattening of curves. However, markets remain volatile. Schatz yields for example at the time of writing are 16bp higher on the day, but 14bp off the high of 2.704% seen shortly after the cash open (and still over 5bp above the intraday lows).
  • Bund futures fell around 120 ticks in overnight trading before falling a further 60 ticks in early European trading to a low of 135.78. We have since traded 100 ticks higher than that at 136.81 around 15 minutes ago and now are back close to the levels seen before Europeans got to their desks.
  • Similar, but smaller, moves have been seen in Treasuries while gilts have seen the curve move in a more parallel fashion again today (underperforming Treasuries, but outperforming Bunds).
  • TY1 futures are up 0-2 today at 115-06 with 10y UST yields up 2.9bp at 3.487% and 2y yields up 6.0bp at 3.951%.
  • Bund futures are down -1.17 today at 136.45 with 10y Bund yields up 10.4bp at 2.228% and Schatz yields up 16.2bp at 2.551%.
  • Gilt futures are down -0.66 today at 104.66 with 10y yields up 7.4bp at 3.391% and 2y yields up 7.6bp at 3.352%.