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MNI ASIA MARKETS ANALYSIS: Tsys Down For Short Winter Nap

HIGHLIGHTS

  • Treasuries gradually extended lows through the session, TYH5 briefly trading through initial technical support of 108-16.5 (Dec 19 low) to 108-15.
  • Sell pressure appeared independent of flurry of US data and surge of Treasury bill auctions, including a $69B 2Y note sale ahead of Tuesday's early Christmas eve/Wednesday Christmas closings.
  • While 10Y yield climbed to 4.5966% high, stocks mad a nice recovery off early session lows, led by semiconductor makers and interactive media shares ahead of the holiday.


MNI US TSYS: TYH5 Briefly Through Technical Support, Yield Taps 4.5966% High

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HIGHLIGHTS

  • Treasuries gradually extended lows through the session, TYH5 briefly trading through initial technical support of 108-16.5 (Dec 19 low) to 108-15.
  • Sell pressure appeared independent of flurry of US data and surge of Treasury bill auctions, including a $69B 2Y note sale ahead of Tuesday's early Christmas eve/Wednesday Christmas closings.
  • While 10Y yield climbed to 4.5966% high, stocks mad a nice recovery off early session lows, led by semiconductor makers and interactive media shares ahead of the holiday.


MNI US TSYS: TYH5 Briefly Through Technical Support, Yield Taps 4.5966% High

Keep reading...Show less