Free Trial

(Z2) Fades Into Weekly Close


Labour Market Focus This Week


USD Finds Support In Early Trade


NZGBs Cheaper To Start, China Matters Dominate


Chinese Support For Property Sector Weighs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US TSYS SUMMARY: The bearish shift in European bonds is translating to similar
moves in US Treasuries but the move has been more muted and the curve has only
modestly steepened (2s/10s 0.6bp higher at 43.6bp). US 10-yr Tsy yield currently
is at 2.946% up 1.8bp from Tuesday's close.
- US Tsys edged lower in Asia trade, weighed by better than expected Australian
GDP numbers and news that US Tsy Secretary Mnuchin urged Trump to exempt Canada
from the steel & aluminium tariffs.
- Tsys then extended their sell-off as European session got underway, taking cue
from sharp fall in EGBs as markets digested raft of hawkish rhetoric from ECB
Praet, Weidmann and Hansson all hinting an announcement on future of QE could be
made as early as next week.
- Eurodollar strip is lower, curve steeper as blue contracts fall 3 to 3.5
ticks, while whites are 0.5 to 2 ticks lower. US breakevens are a touch wider
but swap spreads are mixed with 30-yr 0.3bp tighter.
- Once again there is little to get excited about US data releases today, so
attention likely to be on comments on global trade and tariffs.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.