Free Trial

Little to report on for the core global.....>

US TSYS: Little to report on for the core global FI space in Asia-Pac hours,
with a Japanese market holiday limiting liquidity/price action. T-Notes hold a
0-02 tick range, last -0-00+ at 129-02. There was a lack of reaction to weekend
developments (which although high in news flow volume, did little to move the
needle re: broader sentiment). Limited/no reaction to a dip in gold & USD/Asia
FX crosses was seen. Cash Tsys will remain closed until London hours owing to
Japanese holiday.
- Fedspeak from non-voters Rosengren & Bostic headline Monday's local docket.
Late Friday saw Fed voting dove Kashkari note that "U.S. monetary policy is in a
holding pattern for now, but the next move may well be to cut interest rates
given signs the economy may be weakening," in an interview with RTRS.
- A reminder that the Sino-U.S. phase 1 trade deal should be signed this week,
likely Wednesday. U.S. Tsy Sec Mnuchin noted that Chinese commitments re: the
trade deal haven't been altered in translation. Elsewhere, the WSJ reported that
"the U.S. & China have agreed to semi-annual talks to push for economic reform
and resolve disputes."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.