Free Trial

Post-Auction Support Evaporates, High Yield Extends

US TSY FUTURES
Brief bounce off lows following this afternoon's strong 5Y note auction (4.659% vs. 4.672% WI) is short lived as futures extend lows.
  • Dec'23 10Y futures through technical support to 107-19 (-16.5), puts focus on 107-05+ 1.382 proj of the Jul 18 - Aug 4 - Aug 10 price swing.
  • Curves continue to bear steepen: 3M10Y+9.235 at -86.375, 2Y10Y +6.549 at -52.439 -- putting it back to mid-May levels:

Bbg/MNI

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.