Free Trial

Core FI Tread Water, Holidays Limit Activity In The Region

BOND SUMMARY

Core FI tread water as the weekend news flow failed to provide any meaningful impetus, while activity was limited by public holidays in Australia, China, Hong Kong and Taiwan. T-Notes were rangebound and last change hands at 132-27. Cash U.S. Tsy curve bear steepened, with yields last seen 0.4-1.2bp higher. Eurodollar futures trade +0.25 to -0.5 tick through the reds. There is little of note on the U.S. docket today, with Fed officials already in their blackout period ahead of Thursday's FOMC monetary policy decision.

  • JGB futures reopened on a slightly softer footing, but traded sideways thereafter. The contract last operates at 151.85, 4 ticks shy of prior settlement. Cash JGB yields were marginally mixed across the curve. The BoJ are set to deliver their latest monetary policy decision this Friday, with national CPI data also due on that day.

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.