Free Trial

MNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil

MNI (LONDON) - HIGHLIGHTS: 

  • Treasury yields have tumbled following Bessent's pick as Treasury Sec and WTI falling on ceasefire prospects.
  • The strongest 2Y auction since July paved the way for a continuation of the Bessent play.
  • The USD index consolidates weakness seen with the open but relatively resilient considering large intraday declines in yields.
  • Equities have mostly gained but with some concentrated heavy losses weighing.
  • Tomorrow sees the FOMC minutes a day earlier than usual plus further supply with the 5Y Treasury auction. 

 

Keep reading...Show less
1861 words

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.

MNI (LONDON) - HIGHLIGHTS: 

  • Treasury yields have tumbled following Bessent's pick as Treasury Sec and WTI falling on ceasefire prospects.
  • The strongest 2Y auction since July paved the way for a continuation of the Bessent play.
  • The USD index consolidates weakness seen with the open but relatively resilient considering large intraday declines in yields.
  • Equities have mostly gained but with some concentrated heavy losses weighing.
  • Tomorrow sees the FOMC minutes a day earlier than usual plus further supply with the 5Y Treasury auction. 

 

Keep reading...Show less