Free Trial

Quiet Restart

US TSYS

A flat restart for T-Notes, dealing unchanged at 133-05.

  • To recap, 10s led the weakness witnessed on Friday, cheapening by ~4.5bp come the bell. A block buy in FV futures (+15K, ~$759 DV01 equivalent) provided some respite to the sell off during the NY morning, before volume picked up as T-Notes had a look below their Thursday low. The space then meandered through the NY afternoon, closing a little off worst levels of the day.
  • A WSJ piece dominated headline flow on Friday, with the article suggesting that "Federal Reserve officials will seek to forge agreement at their coming meeting to begin scaling back their easy money policies in November."
  • Looking ahead, Monday's Asia-Pac docket is relatively limited, with the same holding true for the NY docket. That will leave headlines and broader market flow at the fore.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.