Free Trial
US OUTLOOK/OPINION

Analyst One Line Takeaways From US CPI

US TSYS

Market Roundup: Small Unwind

FOREX

USD Index Extends Two-Day Decline To 3.2%

US STOCKS

Q3 Earnings Roundup: Winding Down

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US TSYS SUMMARY

Tsys have been heading lower (within Tuesday's ranges) in the European morning as equities have bounced. A trio of Fed heavy hitters highlight Wednesday's calendar, with 2Y FRN and 5Y supply for good measure.

  • Mar 10-Yr futures (TY) down 1/32 at 135-12.5 (L: 135-11.5 / H: 135-23). The long-end continues to get hit hard: the 2-Yr yield is up 0.4bps at 0.1152%, 5-Yr is up 1bps at 0.5762%, 10-Yr is up 2.7bps at 1.3688%, and 30-Yr is up 4.7bps at 2.2272% (highest since Jan 2020).
  • Equities have proven resilient, bouncing Tuesday of course but also from lows overnight Wednesday. Dollar a little softer.
  • Judging from Fed Chair Powell's Senate appearance Tuesday which basically hit all of the same notes he'd repeated previously, there's unlikely to be much to move the market in Wednesday's House testimony - but still bears watching (starts 1000ET, same prepared text as yesterday).
  • More impactful perhaps will be Gov Brainard at 1030ET, and/or Vice Chair Clarida at 1300ET (then later at 1600ET).
  • Today's data consists of Jan New Home Sales at 1000ET.
  • In supply, 1130ET sees auctions of $30B 119-day bill and $26B 2Y FRN; at 1300ET, $61B 5Y Note. NY Fed buys $3.625B of 7-20Y Tsys.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.