Free Trial

Gist of Fed Chair Powell speech......>

US TSY FUTURES: Gist of Fed Chair Powell speech from Jackson Hole: economy
robust with little concern of overheating, gradual hikes appropriate if growth
continues, inflation stable little/risk of accelerating above 2%. Equities liked
it, S&Ps +9.0 at 2867.0; US$ index receded, DXY -.573, 95.093, $/Eur climbed but
pared move +0.0075 1.1617, while $/Yen slips lower, -.07 111.22. Note, 2s10s
making new 10 year lows while 2s and 5s vs. 30s still above mid-July 10+ year
lows. Yld curve update:
* 2s10s -0.236, 20.345 (19.027L/21.248H);
* 2s30s -0.333, 35.653 (35.074L/36.444H);
* 5s30s -0.086, 25.508 (25.005L/25.770H);
Current futures levels:
* Sep Ultra bonds down 6/32 at 159-27 (159-10L/160-01H)
* Sep 30-yr Bond futures down 5/32 at 145-16 (145-03L/145-20H)
* Sep 10-yr futures down 2.5/32 at 120-16.5 (120-11.5L/120-18.5H)
* Sep 5-yr futures down 1.75/32 at 113-22.25 (113-19L/113-23.25H)
* Sep 2-yr futures down .75/32 at 105-26 (105-24.75L/105-26.25H)

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.