Free Trial

Narrow Ranges Ahead Of US CPI

US TSYS

TYM3 deals at 115-06+, +0-00+, with a 0-03+ range observed on volume of ~42k.

  • Cash tsys sit 1bp cheaper to 1bp richer across the major benchmarks, the curve has twist flattened pivoting on 7s.
  • Tsys were marginally richer in early dealing as Asia-Pac participants have continued the move seen in the NY session post the latest 3 Year auction.
  • There was little follow through on the move and no meaningful macro news flow crossed. Tsys ticked away from session highs.
  • The latest talks on the US debt ceiling did not produce any movement. House Leader McCarthy said congressional leaders will meet with President Biden again on Friday.
  • There is a thin docket in Asia-Pac today. Further out the highlight today is Apr CPI print, the MNI preview is here. We also have the latest 10-Year supply.

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.