Free Trial

Issuance From Deere Helps Space Lower

US TSYS

TY futures break through yesterday’s base. The broader move remains led by the front end of the curve as benchmark yields run 1.5-8.0bp higher on the day, with 2s testing 4.40% in yield terms.

  • Recent headlines flagging a Deere filing to sell $36bn of medium-term notes biased the space cheaper still.
  • The Mar 15 low in TY, which provided initial technical support for the contract, is now breached, exposing Fibonacci support at 112-30.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.