Free Trial

Holding Near Highs, Curves Steeper As Chairman Powell Continues

US TSY FUTURES
  • Tsy futures well bid, near top of initial 14bp post-FOMC range as Chairman Powell continues his press conference with reporter Q&A.
  • Tsys looked to test highs after Chairman Powell stated as "labor market has eased and progress on inflation has continued, the risk to achieving our employment and inflation goals are moving into better balance."
  • Powell continued to stress the Fed is looking for "confirmation that inflation is, in fact, coming down, sustainably to 2%" while Tsy futures hold the range.
  • At the moment, Mar'24 10Y futures are +25 at 112-13 vs. 112-15.5 high. 10Y yield at 3.9501% (-.0817). Curves have since bull steepened: 2s10s +4.159 at -26.308.

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.