Free Trial

Steepener Move Accelerates

US TSYS

Strong short end bid last few minutes following tweet from WSJ's Nick Timiaros:

Some officials are more eager to calibrate their rate setting to reduce the risk of overtightening. But they won’t want to dramatically loosen financial conditions if and when they hike by 50 bps (instead of 75). This meeting could allow officials to get aligned on next steps."
Short end goes well bid while bonds continue to underperform, Latest curve

  • 3M10Y +6.116, 28.082 (L: 18.893 / H: 32.639)
  • 2Y10Y +12.746, -25.855 (L: -38.595 / H: -25.427)
  • 2Y30Y +19.855, -19.663 (L: -38.983 / H: -18.837)
  • 5Y30Y +16.213, -6.689 (L: -22.582 / H: -5.921)

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.