Free Trial

Still Ticking Away From Lows

US TSYS

News that U.S. Secretary of State Blinken spoke with Chinese counterpart Wang Yi has done little to turn the tide for Tsys (which is understandable given that the call seemed to focus on the Russia-Ukraine conflict), with the space continuing to squeeze away from session cheaps in the wake of the softer than expected official Chinese PMI data.

  • That leaves the major cash Tsy benchmarks 4bp cheaper to 1bp richer, twist flattening, with a pivot seen at the 20-Year point. TYZ2 is -0-05+ at 110-26+, now 0-07 off the base of its 0-11 range.
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.