Free Trial

More Brexit Headline Induced Vol

US TSY FUTURES

Latest bounce in Tsys not the v-shaped recovery you were hoping for. Recent comments from UK PM spokesman Slck intimating Brexit negotiations are over has spurred quick round of short covering, long end back to narrow overnight range. While total volumes are decent (TYZ0>460k), the latest move has drawn less flow volume than post retail sales trade. Yld curves paring steepener, update:

  • 3M10Y +0.183, 62.759 (L: 61.169 / H: 65.419)
  • 2Y10Y -0.129, 58.995 (L: 58.2 / H: 61.453)
  • 2Y30Y -0.069, 137.168 (L: 135.776 / H: 140.511)
  • 5Y30Y +0.138, 119.957 (L: 119.014 / H: 122.45)
  • Current futures levels:
  • Dec 2Y up 0.12/32 at 110-14.12 (L: 110-13.8 / H: 110-14.5)
  • Dec 5Y up 0.75/32 at 125-27.75 (L: 125-25.75 / H: 125-28.5)
  • Dec 10Y up 0.5/32 at 139-4.5 (L: 138-31 / H: 139-07)
  • Dec 30Y steady at 175-8 (L: 174-16 / H: 175-17)
  • Dec Ultra 30Y down 6/32 at 219-21 (L: 218-03 / H: 220-12)

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.