Free Trial

T-Notes last +0-08+ at 139-04+, edging......>

US TSYS
US TSYS: T-Notes last +0-08+ at 139-04+, edging higher in early trade this week,
benefitting from the aforementioned supportive factors highlighted in the
earlier "MARKET TALK" bullet.
- This has allowed the contract to build on Friday's late recovery from worst
levels, which rounded off a rangebound session, limited by Asian & European
holidays. Cash trade saw modest flattening of the curve on Friday. A heavy
session for equities provided underlying support for the space on Friday, which
meant that T-Notes never strayed too far into the red.
- Also worth noting that the mechanics of the ISM m'fing release flattered the
headline (increased delivery times are usually viewed as a +ve, re: strong
demand, while this clearly doesn't hold true for the present increase).
- Elsewhere, the latest tweak to the Fed's Tsy purchases (down to $8bn/day from
$10bn) saw little in the way of market reaction.
- A reminder that cash Tsys will be closed Monday through Wednesday during Asia
hours, owing to Japanese holidays.
- Eurodollar futures sit 0.5-1.5 ticks higher through the reds, bull flattening.
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.