Free Trial

FTN's Jim Vogel said the cash "10-yr........>

US TSYS: FTN's Jim Vogel said the cash "10-yr refuses to trade below 2.32%"
yield. "Above 2.35%, two-way volume almost evaporates," he added. "This does not
feel like a stable condition, and there is plenty of room on both sides of that
miniscule range to open 2.24%-2.42% as a broader, more comfortable band. Yet,
investors do not appear ready to exhaust the 2.32-2.35% zone just yet. It
attracts fresh trading every day. On its own, the bond market is effectively in
neutral - waiting for outside events as a catalyst."

To read the full story



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.