Free Trial

Curve Marginally Steeper

US TSYS

Cash tsys have opened dealing 2bps richer to flat across the major benchmarks, light bull steepening is apparent. Asia-Pac participants are digesting Friday's NFP print, the headline jobs figure was the lowest in 3 years however Average Hourly Earnings were firmer than forecast, as well as Fedspeak from Chicago Fed President Goolsbee. TYU3 deals at 110-18+, -0-03, a narrow 0-02+ range has been observed thus far.

  • Official PMI data from China headlines in Asia today, the release is due in just under 90 minutes. CPI is expected to rise 0.2% Y/Y whilst PPI is forecast to drop 5.0% Y/Y.

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.