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EURUSD TECHS

Key Support Remains Exposed

OPTIONS

Decent SONIA Action Tuesday

OPTIONS

Larger FX Option Pipeline

US TSYS SUMMARY

Treasuries continue to head lower with the curve steepening as equities rally - little on the data/supply calendar but a few Fed speakers and corporate earnings eyed.

  • Mar 10-Yr futures (TY) near session lows, down 7/32 at 136-31 (L: 136-30.5 / H: 137-07)
  • The 2-Yr yield is up 0.4bps at 0.1113%, 5-Yr is up 1.4bps at 0.4384%, 10-Yr is up 2.7bps at 1.1065%, and 30-Yr is up 2.6bps at 1.8801%.
  • Light newsflow overnight. While some of the recent frenzied trades are subsiding (Gamestop, silver, etc), S&P futs are pushing 3,800 again.
  • Probably the most interesting items on the calendar today are key corporate earnings reports (Amazon, Alphabet, ExxonMobil, Pfizer among them; UPS adj. EPS beat expectations).
  • Fed speakers: Dallas' Kaplan at 0830ET (on CNBC), and again at 1300ET; NY's Williams moderates a discussion at 1300ET; Cleveland's Mester at 1400ET.
  • In supply, $60B of 42-/119-day bills at 1130ET. NY Fed buys ~$1.225B of 7.5-30Y TIPS.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com