Free Trial

Post-CPI React Update: Extending Lows Again

US TSY FUTURES
  • Still firmer as markets continue to digest data, Tsy futures have reversed post-data highs (TYH4 110-31.5) to session lows (110-11.5, +1) as super-core of 0.44% MoM (core services minus OER and rents) comes out higher than expected.
  • Trading desks report leveraged$ selling of CT30 while real$ accounts sell off-the-run 30s. Some pre-auction short sets ahead today's $21B 30Y Bond auction reopen (912810TV0) in the mix as well.
  • Curves off flatter levels (3M10Y -.609 at -117.291, 2Y10Y -2.902 at -50.795 vs. -53.575 low). Initial technical support at 109-25+ (20-day EMA).

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.