Free Trial
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.
US TSY FLOWS
US treasuries are holding onto gains, despite better selling interest in EGBs, albeit in thinner volumes.
- Risk remain tilted to the downside, given the more Hawkish FOMC minutes yesterday, when "some members" are open to discuss tapering as early as the next meeting in June and going forward.
- US 5/30s trades flat, unwinding some of the post FOMC minutes.
- Support in TYM1 will be seen at 131.30 (yesterday's low), but better at 131.27.
- Resistance moves down to 132.07+.
- Upside initial target in 10yr yield is further out, at 1.7811% (mentioned in Jan), the 50% retracement of the 2018-2020 fall.
- We managed a 1.7742% high on 30/03
Chart source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok