Free Trial

Tick Away From NY Highs In Narrow Ranges

US TSYS

TYZ3 deals at 108-28, -0-04, a 0-05 range has been observed on volume of 63k.

  • Cash tsys sit 1-2bps cheaper across the major benchmarks, light bear flattening is apparent.
  • Tsys ticked away from NY session highs through the Asian session, participants perhaps used Monday's richening as an opportunity to exit long positions/add fresh shorts.
  • Narrow ranges were observed for the most part as the move lower was limited.
  • The data docket is thin in Europe today. Further out we have US Conference Board consumer confidence, Richmond Fed Mfg and Business Conditions and Dallas Fed Services. The latest 7-Year supply is due, as is Fedspeak from Fed Governor Waller and Chicago Fed President Goolsbee.

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.