Free Trial

Markets Roundup

US TSYS

Treasury futures are trading in mildly weaker territory (10s -5.5 at 113-14) after extending highs in the lead-up to the NY session open.

  • Rates slipping lower as House speaker McCarthy repeats similar comments to reporters made over the last few days regarding the debt ceiling impasse: "I won't default", "still far apart on a number of things" but "we can make progress today". Negotiators scheduled to meet at the White House at noon.
  • Otherwise, limited US data out of the way early (MBA mortgage apps -4.6% reported vs. -5.7% prior), markets await FOMC minutes from the May 3 meeting at 1400ET.
  • Treasury supply: $43B 5Y notes auction (91282CHE4) at 1300ET, WI currently running around 3.725%, 22.5bp cheap vs. last month's stop: 3.500% high yield vs. 3.507% WI.

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.