Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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

*Correcting the close timings from original 1136GMT post

  • Cash Tsys have been subdued since reopening after no Tokyo session.
  • 2Y yields are -0.4bps at 0.720%, 5Y unch at 1.263%, 10Y unch at 1.508% and 30Y +0.2bps at 1.919%.
  • TYH2 is up +0-01+ at 130-14+ on very low volumes (60k) as it slowly continues to retrace Wednesday's sell-off. Initial support could be seen at 130-03 (Dec 29 low) before a firmer 129-31 (Dec 8 low). Initial resistance is 130-23+ (Dec 29 high).
  • Nothing of note scheduled for today's shortened session (cash Tsys close 1400ET but GLOBEX runs full session to 1700ET).
  • Normal service will resume on Monday with the Markit PMI for Dec plus a resumption of bill NY Fed buy-ops and bill issuance, although volumes will be lower with the London bank holiday.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.