Free Trial

Post-New Home Sales React

US TSYS

Treasury futures remain mixed after lower than expected New Home Sales for June. Curves remain steeper with intermediates to long end underperforming since the mixed flash PMI data came out.

  • In-line with steeper Tsys curves, short end buying extends to Fed Fund futures this morning, covering August through October, appr DV01 $1.5M:
    • 15,000 Oct '24 Fed Funds (FFV4) bought at 94.94 to -.945
    • 10,000 Aug '24 Fed Funds (FFQ4) bought at 94.6900
    • 12,000 Sep '24 Fed Funds (FFU4) were lifted at 94.785

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.