Free Trial

Off Asia Cheaps

US TSYS

The space has edged away from earlier session cheaps, leaving the major Tsy benchmarks 1.0-3.0bp cheaper on the day, as 3s continue to provide the weak point on the curve. TYH2 last runs +0-03+ on the day, printing at 130-12+, 0-03 off lows. This comes after the early cheapening impetus, stemming from firmer than expected Chinese PMI data and regional appetite to fade the NY rally, faded. It would seem that participants have moved focus to Tuesday’s Powell-Yellen testimony, with Powell’s initial, pre-released comments coming down on the cautious side in the wake of the recent Omicron COVID developments.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.