Free Trial

Still Contained, Slightly Cheaper On Biden-Xi Call


The Tsy space is still relatively unmoved given the lack of clear, positive progress in the aforementioned Biden-Xi phone call, with the readouts from both sides only providing broad the brushstrokes of the dialogue. Still, the space has cheapened a little on the prospect of increased direct dialogue between the two Presidents, but the moves have been very limited. T-Notes have stuck to a 0-03 range during Asia-Pac dealing, last trading -0-02+ at 133-13+. Cash Tsys run unchanged to ~1.0bp cheaper on the day, with a marginal steepening bias evident.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.