Free Trial

Official Taper Discussion Open?

US TSY FUTURES

Markets opening weaker, Tsys have reversed gains, equities weaker (ESU1 -32.0), apparently reacting to StL Fed Bullard comments on CNBC interview, underscoring a more hawkish take on FOMC: Bullard DOTS sees liftoff in late 2022, sees Chairman Powell's presser as officially opening the discussion on tapering. Bullard also concerned about feeding into "housing froth", while "leaning toward idea Fed may not need to be in MBS." Yld curves mildly mixed after Thus sharp bull flattening rally in long end, bonds trim small portion Thu's rally:

  • 3M10Y +0.924, 147.522 (L: 142.392 / H: 148.209)
  • 2Y10Y -1.081, 127.987 (L: 125.774 / H: 130.561)
  • 2Y30Y -0.629, 187.313 (L: 185.188 / H: 189.584)
  • 5Y30Y -0.41, 120.681 (L: 120.006 / H: 122.704)

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.