Free Trial

T-Notes Back To Highs

US TSYS

TYZ1 trades back to early highs, perhaps on the broader realisation that the Evergrande coupon repayment is just the first of several missed payments that the firm has to meet, while the payment itself is not set to change the long-term dynamics surrounding the troubled firm. President Biden's promise to protect Taiwan in all eventualities may also be providing some light support. Still, the contract continues to operate in a narrow 0-05+ range. Cash Tsys run 0.5-2.0bp richer, with 2s lagging.

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.