Free Trial

T-Notes trade tight at the re-open, last....>

US TSYS
US TSYS: T-Notes trade tight at the re-open, last -0-02 at 132-07.
- The curve twist steepened Wednesday, with T-Notes going out well off early NY
lows.
- Matters in Hong Kong provided the initial impetus for a leg lower in the
Asia/London crossover, but the well-documented global risks continued to
underscore demand for the space, allowing a recovery as we moved through the
day.
- Fedspeak was virtually as exp. with a need for a data dependent stance
highlighted by Williams & Kaplan, while Kashkari provided his usual dovish
overtures.
- Corporate issuance is already running at over $50bn for the week, with Apple's
5-part 3-30 Year deal providing the highlight on Wednesday.
- Non-m'fing ISM, services PMI & ADP employment data headline the economic
docket on Thursday. Elsewhere, eyes will be firmly fixed on Fed Chair Powell's
latest address.
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.