Free Trial

Modestly Cheaper Ahead Of A Bare Docket

US TSYS
  • Cash Tsys sit relatively little changed from Wednesday’s close, having opened richer post-Thanksgiving before cheapening through European hours as they ECB and Fed hike pricing alike edged higher. The PBOC cutting the RRR rate by 25bp was anticipated.
  • 2YY unchanged at 4.477%, 5YY +2.3bps at 3.906%, 10YY +1.8bps at 3.711%, and 30YY +1.5bps at 3.743%.
  • TYZ2 trades 3 ticks lower from Wednesday’s close at 112-27+, pulling back after yesterday clearing 113-11 (Nov 16 high). It continues to trade above the 50-day EMA of 112-14+ (initial support) whilst resistance is seen at yesterday’s high of 113-15. Decent volumes overnight, with over half of the front month spread-related.
  • No Fedspeak, data or supply today.
  • Bloomberg and MS month end extensions see solid increases of 0.13yrs/0.11yrs respectively.

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.