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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 TSYS
- Cash Tsys have sold off overnight, starting with light cheapening on news that Xi & Putin will be attending the G20 summit in Indonesia in November (with prior expectation of Biden and Xi speaking in South East Asia also in November) before being dragged lower by UK and Eurozone sovereigns on a huge beat for German PPI and less so UK retail sales.
- The moves make for a mild flattening which consolidates yesterday’s 6bp steepening, -0.5bps at -32bps and off lows of almost -50bps prior to the US CPI miss.
- 2YY +5.5bps at 3.253%, 5YY +4.9bps at 3.076%, 10YY +4.9bps at 2.932% and 30YY +3.8bps at 3.175%.
- TYU2 trades 12 ticks lower at 118-15+, just off session and week lows of 118-11 on above average volumes. It moves closer to support at 118-05 (50% retrace of Jun 14 – Aug 2 bull cycle) with a key near-term support at 117-14+ (Jul 21 low) underneath that.
- No data or issuance with only Barkin (’24 voter) due to speak at 0900ET with media Q&A expected to follow.
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.
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