Free Trial

Pressured In Asia

US TSYS

TYZ3 deals at 107-00+, -0-06, a 0-10 range has been observed on volume of ~153k.

  • Cash tsys sit 1-5bps cheaper across the major benchmarks, the curve has bear steepened.
  • Tsys were pressured in the Asian session on spillover from ACGBs, in lieu of the minutes of the RBA October policy meeting.
  • Losses extended through the session alongside US Equity futures ticking lower and the USD firming. TY broke support at 107-02+ and the next support level is 106-03+, low from Sep 4.
  • Fedpseak from Harker crossed early in today's Asian session, he noted that the Fed shouldn't be thinking about rate increases as many small businesses are struggling with the tightening to date.
  • The data docket is relatively light in Europe today, further out we have retail sales, business inventories and industrial production. Fedpeak from NY Fed President Williams, Gov Bowman and Richmond Fed President Barkin is due.

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.