Free Trial

Friday’s Post-Payrolls Cheapening Extended In Today’s Asia-Pac Session

US TSYS

TYM4 is trading at 109-09+, -11 from NY closing levels.

  • Looking at technical levels: Initial support lays at 109-09/09+ (Lower 1.0% 10-dma envelope/ Apr 3 Low), round number support then rests at 109-00, according to MNI’s technicals team. While to the upside resistance holds at 110-14 (20-day EMA), above here 110-25+/31+ (50-day EMA / Mar 27 high and key resistance).
  • Cash US tsys have extended Friday’s post-payrolls cheapening in today’s Asia-Pac session, with benchmark yields 1-3bps higher. A flattening bias is present.
  • Looking Ahead, the market’s focus is likely on US CPI and March FOMC Minutes on Wednesday and PPI on Thursday.

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.