Free Trial

/STIR: Limited Reaction To Soft NFP Report, Long Positioning A Likely Factor

US TSYS

A little more on the above muted market reaction in STIRs.

  • The pre-holiday build up of longs in the wake of the soft data seen earlier in the week is probably at play here.
  • We suggested that a firmer-than-expected NFP report provided a greater risk to market positioning ahead of the release.
  • The same is true in the long end, with early April lows in 2-Year yields holding.
  • Meanwhile, liquidity will be hampered as many take the opportunity for a long weekend break after July 4.
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.