Free Trial

Richening Holds, Bull Steepening Aided By Block Flow

US TSYS

Tsys hold near best levels after the previously covered move higher, leaving the major cash Tsy benchmarks flat to 3.5bp richer across the curve, bull steepening. Notable market flow has been mixed, headlined by the previously outlined block buy in FV futures and block sale in TY futures, which has aided the bull steepening dynamic.

  • There hasn’t been much in the way of meaningful recent news flow, outside of continued worry re: FX matters from the BoJ Governor and Japanese Finance Minister and familiar utterances from the Chinese policy making sphere.
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.