Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
US TSY/RECAP: The longer end of the Tsy curve was underpinned by the formal
announcement of the US' metal linked tariffs on the EU, Canada & Mexico and the
subsequent responses/countermeasures, as well as month end extensions, which saw
the US Tsy curve flatten on the day. Although longer dated paper eased in late
dealing. The space had moved lower in the late NY morning after the Italian
5SM/Lega coalition outlined their cabinet, with Conte set to become PM on
Friday. Shorter dated yields ticked higher, as traders became more assured re:
the Fed hiking cycle after the uncertainty seen earlier this week. US data was
encouraging with PCE data inline/a touch better, while personal spending beat.
Chicago PMI was also on the strong side. Fedspeak from Brainard, Mester, Bullard
& Quarles was uneventful.
- Real-money accounts were active buyers in the 30-Year space. Cautious
positioning/steepener unwinds were noted ahead of Friday's NFP release
- The Eurodollar strip had attempted to pare some of its losses that came after
3-Month $LIBOR fixed over 2bp higher, but moved lower late on alongside Tsys.
- T-Notes last at 120.05+, US 10-Year Tsy yields closed at 2.859%.