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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.
US TSYS
- Cash Tsys are largely holding onto an overnight bid amidst broad risk-off sentiment with close attention on whether a US plane indeed heading to Taiwan and whether or not House Speaker Pelosi is on board.
- The moves see front-end yields trade closer to lows after weak Q2 GDP last week whilst the long-end continues to trade below following yesterday’s sizeable rally, in turn cranking 2s10s lower still to -30bps (-1bp on the day) and the 3M to 10Y spread at 4.5bp but off overnight lows of -0.6bps having briefly turned inverted for the first time since Mar’20.
- 2YY -1.6bps at 2.854%, 5YY -2.2bps at 2.612%, 10YY -2.5bps at 2.548%, 30YY -3.9bps at 2.876%.
- TYU2 trades 13 ticks higher at 121-25, through yesterday’s range but off a session high of 122-02 having touched the highest since Apr 5.
- Data: JOLTS for June at 1000ET
- Fedspeak: Daly (’24 voter) on CNBC at 0945ET, Evans (’23 but retiring early in the year) at 1000ET, Mester (’22) at 1300ET and Bullard (’22) at 1845ET
- No issuance.
US Tsy yields - showing last price vs ask price in textSource: Bloomberg
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.
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