Free Trial

MNI EUROPEAN MARKETS ANALYSIS: US Yields Up, Oil Lower

MNI (SYDNEY)
  • Yen was pressured early, following the LDP coalition election loss from Sunday. A continuing rise in US yields contributed to the move.
  • US Tsys futures have continued the sell-off from Friday. The Trump trade could be largely behind the move, with betting markets now showing he has his largest lead since the Sept debate against Harris.
  • Oil prices have corrected sharply following comments from leaders in Iran and Israel that imply that neither side want an escalation in hostilities following Israel’s attack on Iranian military targets on the weekend.
  • Looking ahead, there are few events or data today. The October US Dallas Fed manufacturing index and Spain’s September retail sales print. The ECB’s de Guindos speaks.

MARKETS


US TSYS: Tsys Futures Off Earlier Lows, Curve Bear-Steepens

Keep reading...Show less
4468 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 (SYDNEY)
  • Yen was pressured early, following the LDP coalition election loss from Sunday. A continuing rise in US yields contributed to the move.
  • US Tsys futures have continued the sell-off from Friday. The Trump trade could be largely behind the move, with betting markets now showing he has his largest lead since the Sept debate against Harris.
  • Oil prices have corrected sharply following comments from leaders in Iran and Israel that imply that neither side want an escalation in hostilities following Israel’s attack on Iranian military targets on the weekend.
  • Looking ahead, there are few events or data today. The October US Dallas Fed manufacturing index and Spain’s September retail sales print. The ECB’s de Guindos speaks.

MARKETS


US TSYS: Tsys Futures Off Earlier Lows, Curve Bear-Steepens

Keep reading...Show less