Free Trial

So Much For Taper-Talk?

US TSY FUTURES

Futures have quietly extended top end session highs in lead up to the $13B 10Y TIPS auction re-open. Noted 10Y Block buy contributing to move, decent volumes partially tied to surge in Jun/Sep quarterly futures rolling, otherwise better buying/short covering as accts discount yesterday's taper-talk chatter following the April minutes.. Yield curves bending flatter in the short end:

  • 3M10Y -3.674, 162.162 (L: 161.992 / H: 166.09)
  • 2Y10Y -3.432, 147.551 (L: 147.381 / H: 151.868)
  • 2Y30Y -3.066, 217.728 (L: 217.512 / H: 222.106)
  • 5Y30Y +0.14, 151.061 (L: 150.297 / H: 152.893)

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.