Free Trial

Eating Away At Monday’s Cheapening As Bunds & Gilts Firm

US TSYS

Cash Tsys continue to eat away at the cheapening derived from the weakness seen in futures on Monday, now aided by a bounce from session cheaps in Bunds & Gilts (after a key resistance level held in UK 10-Year yields). That leaves the major benchmarks flat to 2.5bp cheaper, with a light bear steepening of the curve still observed. This builds on the bounce from session cheaps in Asia-Pac hours that we fleshed out earlier. TYU3 is -0-01 at typing.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.