Free Trial

It has been a limited session for Tsys......>

US TSYS
US TSYS: It has been a limited session for Tsys after the space went out near
best levels on Friday, although they have traded in a resilient manner in spite
of a positive session for the major Asia-Pacific indices.
- Fed Chair Powell headlined on Friday, in summary Powell noted that the economy
is robust with little concern re: overheating, gradual hikes remain appropriate
if growth continues, with inflation stable/little risk of accelerating above 2%.
Markets inferred a dovish tinge from Powell's remarks re: inflation.
- Elsewhere on Friday Fed's Mester stuck to her hawkish playbook noting that the
case for raising rates is "pretty compelling," Fed's Kaplan repeated the stance
he indicated earlier in the week, Fed's Bullard remained more cautious than most
Fed Presidents, reiterating that he wouldn't vote for additional hikes this year
(he is a non-voter in '18), finally Fed's Bostic noted that he is watching to
see if inflation accelerates.
- Focus this week falls on Q2 GDP data, Jul PCE & Chicago PMI, as well as U.S.
Tsy supply, which gets underway today, as 2-Year paper comes to market.
- T-Notes last at 120.18+, U.S. 10-Year cash Tsy yields last at 2.815%
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.