Free Trial

T-Notes Pull Back From Monday Highs, 40-Year JGB Auction Due

BOND SUMMARY

T-Notes have pulled back from Monday's peak (137-14+) and last trade -0-01 at 137-11 amid subdued headline flow. Janet Yellen won confirmation as the new U.S. Tsy Sec in a Senate vote, while chatter re: timing & mode of passing the Covid-19 relief package has continued to grab attention. Cash Tsy yields sit slightly higher across the curve, last seen unch. to 1.1bp cheaper. Eurodollar futures trade unch. to -0.5 tick through the reds.

  • JGB futures have inched higher, extending overnight gains, and trade at 151.98, 10 ticks above last settlement. Cash JGB sit lower across the curve, with the 5-20 Year sector outperforming. The MoF will auction Y500bn worth of 40-Year JGBs later today.
  • Australian markets are closed for a public holiday.

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.