Free Trial

T-Note futures continue to operate...>

US TSY FUTURES
US TSY FUTURES: T-Note futures continue to operate at the bottom of a tight
range at writing. Little in the way of notable movement in Tsy futures, with
cash markets closed until London hours. Market had little reaction to chatter of
Trump wanting to remove Fed Chair Powell over the weekend (subsequently played
down by U.S. admin) & U.S. Tsy Sec Mnuchin "liquidity checking" the largest U.S.
banks via phone calls. Gov't shutdown saga continues.
- Weekend rhetoric out of China re: U.S. trade matters, pointed to further
positive developments, in spite of cautious comments from U.S. trade hawk Peter
Navarro to the Nikkei late on Friday.
- U.S. equity index futures trade just off of best levels, adding pressure to
the Tsy space.
- Eurodollar strip trading higher, whites & reds last 1.0 to 4.0 ticks higher on
the day, with most contracts off highs.
- 2-Year supply due later today, with 5- & 7-Year auctions also due during the
week.
- T-Notes last 121.01, U.S. Year cash Tsy yields closed at 2.790%.
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.