Free Trial

Little Changed, Reverses Initial Cheapening On Debt Ceiling Deal News

US TSYS

TYM3 is currently trading at 112-10+, -2+ from NY closing levels, after initially cheapening to 112-03+ in early Asia-Pac trade on news of a debt ceiling deal. However, the ultimate challenge lies in gaining support from lawmakers across the political spectrum.

  • Although a deal, if approved by Republican lawmakers, would prevent a default, US tsys will still face the challenge of managing the Treasury's need to replenish its cash balance through T-bill issuance.
  • With the Asian calendar light today, local participants are likely to be headlines watch.
  • Cash tsys are closed today for the Memorial Day holiday.

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.