Free Trial

Post-Data Update

US TSY FUTURES
Treasury futures grinding higher, curves flatter (2s10s at -59.421) with short end futures lagging Bonds that are extending highs the last few minutes (USM3 marks 131-26 high).
  • Given this morning's data, general opinion that the Fed sticks to the hiking cycle one more time next week followed by a pause. Implied rate cuts for year end static:
  • November cumulative currently -10.3bp (-31.1bp Tue) at 4.721, Dec'23 cumulative -32.4bp (-52.1bp Tue) at 4.505. Meanwhile, Jan'24 cumulative at -55.6bs vs. a full three 25bp cuts late Tuesday.

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.