Free Trial

Marginally Cheaper Early On

US TSYS

Cash Tsys search for clear direction early on, initially twist flattening, but that has moved into bear flattening, with the major benchmarks running little changed to 1.5bp cheaper at typing. TYU2 last deals -0-02 at 119-01, just above the base of a narrow 0-04+ range.

  • There hasn’t been much to move the needle on the macro front, with San Francisco Fed President Daly (’24 voter) reiterating that her baseline for the September FOMC meeting is for a 50bp at present, although she remains data-dependent and wants to see next month’s labour market and inflation data before fully backing either a 50 or 75bp step, stressing there is more to do when it comes to the Fed’s fight against inflation.
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.