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Curve Twist Flattens On Day, Initial Cheapening Impulses Around Chicago PMI Contained


A slower than expected rate of contraction in the headline Chicago PMI release, coupled with a jump in the prices paid and new orders sub-components, applies brief weight to Tsys, with TYZ3 initially biased back towards lows of the day. Curve twist flattens, with benchmark yields 2bp higher to 2bp lower vs. Wednesday closes.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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