Free Trial

Light Bid On Cross-Market Spillover From USD/CNH Move Lower

US TSYS

TYU2 pulls to fresh session highs, albeit remaining in a contained 0-06 range, as USD/CNH hits a bit of an air pocket lower, with that particular FX cross moving to the lowest level observed since early May, resulting in some cross-market spill over. TYU2 last +0-01 at 118-28+, 0-01+ off best levels of the day. Meanwhile, cash Tsys run within -/+0.5bp of closing levels, twist flattening, with a pivot around 7s.

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.