Free Trial

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

Drift Lower Extends


Tsys continue to cheapen, with 7+-Year paper looking through Tuesday’s yield peaks. This comes as USD/JPY nudges higher and JGBs are pressured, pointing to cross-market-derived input given the lack of macro news flow. Cash Tsys sit 1.5-3.0bp cheaper across the curve, with 10s leading the downtick. TYH3 is probing its Tuesday base, with any sustained breach there set to expose key short-term support at the Nov 21 low.

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

To read the full story

Why Subscribe to


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.