Free Trial

Intermediates Lead A Light Bid


Tsys look to Bunds for direction as Europe & London settle in.

  • TY futures tagged fresh session highs in recent trade, last +0-07+.
  • Cash Tsys run 2-3bp richer across the curve, with intermediates outperforming and the wings lagging.
  • 2-Year yields move back below 5.00%.
  • JOLTS job openings, consumer confidence data, the Dallas Fed services activity survey and several house price measures headline the NY data docket.
  • Fed’s Barr will speak, although the topic of “banking services” limits the odds of market-moving comments.
  • Finally, 7-Year supply rounds off this week’s Tsy coupon issuance, coming on the heels of yesterday’s smoothly absorbed 2- & 5-Year Tsy offerings.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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.