Free Trial

Pressured In Recent Dealing

US TSYS

Tsys have been pressured in recent dealing and sit a touch off session lows. There has been no obvious headline driver for the move, participants are perhaps focusing on the stronger than forecast AHE from Friday's NFP report and Goolsbee’s relatively hawkish Fedspeak which also crossed on Friday. The USD is a touch firmer and e-minis are marginally lower in early trade adding a further touch of pressure.

  • This leaves cash tsys flat to 1bp cheaper, light bear steepening is apparent. TYU3 deals at 110-16, -0-05+, a touch off the base of the 0-04 range.

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.