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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.
US TSYS
- Cash Tsys see a sizeable twist steepening with the very long end cheapening doing all the lifting as 2s30s inversion retraces.
- Long-end weakness is widespread across global core FI (UK 30Y outperforming, German 30Y underperforming) which sees the gap to UK yields widen slightly after the US 30Y re-exceeded the UK mid-week with a further climbdown of British fiscal plans and PM Truss’ resignation.
- 2YY -0.7bps at 4.603%, 5YY +1.3bps at 4.458%, 10YY +4.5bps at 4.274%, and 30YY +8.1bps at 4.3%.
- TYZ2 trades 5+ ticks lower at 109-06, just off session lows of 109-03+ on modestly above average volumes. It sees the bear trend extend, through support at 109-12+ (0.764 proj of Oct 4-10-13 price swing) to open 108-20 (1 proj).
- Fedspeak: Williams (0910ET), Evans (0940ET) and Daly (1130ET) – latter not on BBG calendar
- Bill issuance: US Tsy $57B 13W, $45B 26W bill auctions – 1130ET
30Y yields for US (white) and UK (yellow)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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