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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 twist flattening, running 1bp cheaper to 1.5bp richer as spill over from weakness in Gilts kept any rally linked to dovish BoJ-speculation limited. 2 block sales in FV futures (for a total of ~6.5K lots) applied some light pressure to the belly in Asia-Pac hours.
- The move sees 2YY yields close to yesterday’s high of 4.88% having breached pre-CPI levels of just over 4.85% prior to a miss sparked an ultimately 25bp rally over two days.
- A near empty docket leaves flow/positioning in focus ahead of next week’s Fed, ECB and BoJ meetings.
- 2YY +1.1bp at 4.850%, 5YY +0.2bp at 4.104%, 10YY -0.4bp at 3.847%, 30YY -1.3bp at 3.896%.
- TYU3 trades in a particularly tight 00-6+ range, currently 112-05+ (+00-1) on particularly low volumes of just 195k despite a recent pick-up. It remains close to yesterday’s low of 112-00, an initial resistance point, after which lies 111-03+ (Jul 11 low).
- No data.
- No issuance.
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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