Free Trial

Market Roundup: Inside Range

US TSYS

Tsys maintaining higher levels, see-sawing in relatively narrow range after midday. Tsy support appeared to mirror moves in German Bunds in the first half.

  • Light volumes (TYH3<750k) following limited data this morning:
    • US OCT TRADE GAP -$78.2B VS SEP -$74.1B
    • US REDBOOK: NOV STORE SALES +5.7% V YR AGO MO
    • US REDBOOK: STORE SALES +5.7% WK ENDED DEC 03 V YR AGO WK
  • Participants plying the sidelines to await Friday's Nov PPI (0.2% MoM est vs. 0.2% prior).
  • Fed funds implied hike for Dec'22 +0.6bp from this morning at 51.8bp, Feb'23 cumulative 90.0bp to 4.735% (Mar'23 107.3bp to 4.908%), terminal at 4.98% in Jun'23 vs. 5.0% earlier.

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.