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Curve Flattens On Tuesday

US TSYS

TYM3 deals at 111-17+, -0-03+, line line with levels seen late in the NY session.

  • Cash Tsys finished 4bps cheaper to 1bp richer across the major benchmarks on Tuesday, the curve flattened.
  • Volatile trade was seen in the wake of mixed U.S. data, with softer than expected MNI Chicago PMI and Consumer Confidence facilitating a move off session lows.
  • Earlier in the session Tsys were briefly pressured after weakness in EGBs spilled over in lieu of stronger than expected inflation prints from France and Spain.
  • Gains were capped early in the NY session as corporate issuance related and option-tied hedging weighed.
  • Month end buying in 30s saw Tsys briefly extend highs late in the NY session.
  • Jan CPI alongside Q4 GDP from Australia, as well as Official PMIs from China, headline in Asia-Pac hours today. Further out final Eurozone Manf PMI, US Construction Spending and the ISM Manufacturing Survey will cross. We also have Fedspeak from Minneapolis Fed President Kashkari.
HomepageBond Market NewsBulletMarketsFixed Income Bullets
HomepageBond Market NewsBulletMarketsFixed Income Bullets

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